For as much press as the recent financial reform bill has received, the majority of financial advisors apparently are unaware of its importance on their business and clients.
According to an SEI Advisor Network survey, nearly 75% of advisors are either “somewhat familiar” or “not familiar” with the implications of financial reform. And only 6% said they are “very familiar” with these changes in the industry. Moreover, more than half (56%) of the advisors have not discussed recent reforms with their clients, according to a press release from SEI.
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