Despite claiming retirement as a specialty (or perhaps because of those claims), a majority of advisors value planning assistance from mutual fund groups on how to minimize retirement taxes (57%) and on Social Security planning strategies (54%) Meanwhile, nearly half (49%) of advisors also value support in retirement planning and investing tools. Advisors across channels shared the same top three selections, but they differ in their priorities.
For instance, advisors from large firms strongly value assistance on retirement planning—the least valued of the top three choices for advisors from independent firms. Meanwhile, advisors in the latter group strongly value help in minimizing retirement taxes—which is the least important of the top three choices for advisors from large firms. The disparity may stem from independent advisors’ reduced focus on retirement planning relative to their peers at large firms.