In August, Dalbar, an investment research firm, surveyed 995 investors in North America who had a relationship with a financial advisor, presenting them with questions about their experiences with investing, the markets and their advisor during the coronavirus market crisis and months that followed.

“In 830 of those cases, the investor agreed that their account balance is higher today because of the help of their advisor during the crisis,” Dalbar’s chief marketing officer Cory Clark said in a statement. “That says something quite remarkable about the value of professional advice.”

The survey found that some nine in 10 investors reported a significant or slight increase of both confidence and trust in their advisor as a result of the pandemic, and were more likely to retain their advisor. Read full article here…