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Financial realities, market losses hurting affluent consumers’ view of own financial advisors

The current economic crisis brought on by the COVID-19 coronavirus outbreak and resultant lockdowns has shaken the faith of affluent consumers in their financial advisors. Image credit: Ipsos The current economic crisis brought on by the COVID-19 coronavirus outbreak and resultant lockdowns has shaken the faith of affluent consumers in their financial advisors. Image credit: Ipsos

 

While affluent consumers are generally more insulated from economic downturns and rebound faster than the general population, they also view the current economic situation as challenging.