Survey: Investors May Feel Sting of Delayed Retirement
03/26/2010 0 comments
March25, 2010
By Ruthie Ackerman
A survey conducted by Brinker Capital, an investment management firm, reveals that the majority of financial advisors were satisfied with 2009’s performance. But 63% of advisors said that up to three-quarters of their clients will have to work from three to five years longer to make their retirements viable. Meanwhile, although investors are confident about 2010 market performance, they choose to adopt conservative investment strageties because of the uncertainty ahead.
Brinker Capital, an investment management firm, announced the results of the first quarter Brinker Barometer, a gauge of financial advisor confidence and sentiment regarding the economy, retirement savings, investing and market performance in 2009 and 2010. The study, which was released Monday, was conducted online by Brinker Capital in February and March and is based on the responses of 247 advisors affiliated with insurance companies, independent broker-dealers and in solo practices.
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