One reason that people work with financial advisors: Peace of mind.
Million Dollar Round Table, a Park Ridge, Illinois-based group for successful advisors, sponsored an online survey of about 2,000 U.S. adults in March.
About 55% of the participants who had advisors said their advisors help them feel less stressed.
What it means: Some days, from the perspective of the clients, advisors' soothing abilities may be as important as technical skills.
Soothing capacity: The ability to soothe may work better on women and older clients than on men and younger clients.
For men and participants ages 49 and younger, the percentage who endorsed advisors' ability to reduce stress was 51%.
