RJ and Makay

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Almost half of financial advisors say they have asked “only a small percentage” of their clients for a referral, according to a recent online survey of 210 advisors conducted by SEI Advisor Network.  Conversely, only 20% of surveyed advisors made a “regular routine” of seeking referrals.  John Anderson, head of practice management solutions at SEI, was not surprised by the survey results.

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More than three-quarters of advisors say their clients are worried that they will outlive their savings, according to an SEI Advisor Network poll released Tuesday.  The survey found that:

In an SEI Quick Poll released Tuesday, nearly half of financial advisors believe the midterm elections created fear and uncertainty among their clients. The poll indicated that the biggest issues impacting investors are continued unemployment, the potential for a double-dip recession, pending tax changes and budget deficits.

The survey, conducted by the SEI Advisor Network, was completed by 238 financial advisors during the two weeks prior to the November elections.