Financial Planners Need to Gain the Public’s Trust

financial avisor

A new survey reveals that confidence in financial planners has dropped while the level of confidence in the financial services industry at large has increased.

According to an article on Afr.com.au these results are a sign that the Future of Financial Advice (FoFA) reforms haven’t enhanced the reputation of the beleaguered advice sector, which has become synonymous with scandal.

The report by the CFA Institute, found that in 2015 Australian savers ranked their level of trust in financial advisers at 46 per cent, down from 51 per cent in 2013.

Read more: http://www.afr.com/business/banking-and-finance/trust-in-financial-advisers-falls-20160525-gp3oqt#ixzz4A323bDeq