A survey conducted in February this year by MFS Investment Management revealed the following:
- 40% of investors surveyed feel financial products are too complicated.
- A third of the respondents said they feel inundated by investment choices.
- A quarter of the investors said their need for financial advice has increased in the past 12 months.
- More than a third of the surveyed investors – even more among younger people — believe the information they find on the Internet about investments is just as good as what they would get from a financial advisor.
The takeaway? Make it smart, simple, and online.
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Betterment is a CNBC Disruptor 50 and Webby award winner, and it has been featured in the New York Times, Forbes, and the Wall Street Journal. Betterment helps people to achieve a smarter financial future with minimal effort and for a fraction of the cost of traditional financial services. Learn more here.