Posts tagged FINRA_survey
The Trusting Souls That Make Up The U.S. Investing Public
Dec 15th
I was paging through the Adobe Acrobat file of FINRA’s just-released National Financial Capability Study when @planadviser sent a tweet to an article they’d written about the findings. The article covers exactly what I was interested in–investors’ use of financial advisors–and so we recommend it to you. We won’t be at all offended if you jump off this page right now to read it.
Feel free to leave us to ruminate on the value of an AdvisorTweets site to an investing public (85% according to the study) that doesn’t do a background check on their financial advisors. Almost half of those surveyed talk to exactly one advisor before deciding to work with that advisor.
Seriously? We don’t have the data at our fingertips but we’d suspect that more research goes into the evaluation of a cellphone plan or a cable television service!


