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A survey conducted by The College for Financial Planning®—a Kaplan Company finds financial advisors in greater demand after onset of COVID-19.
"The survey is telling us two important things," said Dirk Pantone, president of The College for Financial Planning®—a Kaplan Company. "There is a high level of confidence in certified investment advisors that is driving the demand for their services, and that financial advisor clients are not panicking and following the long-term plan set out by their advisor."
Survey questions
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Do you have more clients now than prior to COVID-19?
Yes – 71%
No – 29%
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Have clients postponed retirement as a result of COVID-19 and the current recession?
No change – 71%
Delayed – 17%
Moving up 12%
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Do you see any concern regarding inflation in the coming year?
No – 61%
Yes – 31%
Not sure – 8%
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If there is a change in the White House in January 2021, will this impact your investment advice to clients?
No – 61%
Yes – 39%
The survey of 209 financial advisors was conducted from August 25 to October 2, 2020.
This article originally appeared on Yahoo!