National investor survey highlights lack of trust
It's not a level playing field if you're a small investor
According to a recent survey, the majority of American investors:
- believe "you've got to have money to make money" because top quality advice is reserved for the wealthy
- prefer to trust themselves, friends or family for good advice ahead of the experts
- have a low opinion of commission-driven financial advisors
An independent survey, commissioned by the Retirement Corporation of America in May 2006, shows these and other significant findings point to an underlying distrust of financial advisors.
For the small investor in America today, the playing field is far from level.
Commenting on these findings, the CEO of the Retirement Corporation of America, Dan Kiley says, "It doesn't have to be this way. Money Masters managed investment portfolios are now available to everyone, with no minimum account balance, no transaction fees and no exit penalties."
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