Survey From The College for Financial Planning Finds More Investors Turning to Financial Advisors as a Result of the Pandemic

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

1. Do you have more clients now than prior to COVID-19?
   Yes – 71%
   No – 29%
    

2. Have clients postponed retirement as a result of COVID-19 and the current recession?
   No change – 71%
   Delayed – 17%
   Moving up 12%
    

3. Do you see any concern regarding inflation in the coming year?
   No – 61%
   Yes – 31%
   Not sure – 8%
    

4. 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!