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When an investor drops a financial advisor, lack of communication or responsiveness is a factor nearly half the time, says a CFA report
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IN a CFA Institute global trust survey report released in mid-2020, 48 per cent of the 100 retail investors who had at least US$100,000 in investible assets in Singapore said that "lack of communication or responsiveness" is a consideration to leave a financial adviser.
Fifty-nine and 36 per cent said the same in similar findings in 2018 and 2016, respectively.
Lack of communication was also one of main reasons, in addition to underperformance, high fees and data confidentiality breach, to drop an adviser.
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