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Information Said to Affect Client Retention


An abundance of investment information on television, the internet and in newspapers has made it more difficult for financial advisors to retain their clients, according to a survey released by Phoenix Investment Partners of Hartford, Conn.

Of 100 advisors surveyed, 41 percent said that investment-oriented television programs have had a negative influence on their relationships with their clients, while 35 percent blamed newspaper articles, and 33 percent said financial websites and online research have been a negative influence, according to the survey.