Expand Your Turf - No Need for Financial Advisors to be Local

Why Financial Advisors Don’t Need to be Local

Forty percent of investors say it’s not important for their financial advisor to be local. Another 29% say it’s only somewhat important. Are you overlooking potential clients because they’re not in your local geography?

We surveyed high earners to understand what they need from a financial advisor. Some of the results were expected. But some were surprising.

We surveyed folks with a family income of $175,000 or higher. The margin of error is 4%. That’s typical of many nationwide polls.

40% of investors say it’s not important for their financial advisor to be local.
50% of the survey pool are willing to pay for value-added services.
33% are the Family Steward persona. (primary goal is creating a financial legacy)
54% prefer quarterly communication.
25% prefer annual communication.
66% prefer communication by email.
48% of the survey pool have at least $500,000 of investable assets.
28% of the survey pool have at least $1,000,000 of investable assets.
51% of the survey pool are under 45 years old.
49% of the survey pool are over 45 years old.

These stats are interesting. But we’re most interested in those who are willing to pay for value-added services.

Download this report to see the traits and preferences of investors willing to pay extra for value-added services.

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Can You Expand Your Turf?

Why Financial Advisors Don’t Need to be Local

Here's What We Learned

Download our poll results and learn what high earners want from their financial advisor.