Report: 36% of advisers' retirement income is from personal products

02/7/2013 | National Underwriter Life & Health

IRAs and other personal retirement products compose 36% of financial advisers' retirement income, with employee-sponsored plans accounting for 27%, according to a Cogent Research report. Government-sponsored defined-benefit and defined-contribution plans account for 20% of advisers' income in retirement, with business-investment income contributing 10%, according to the report. A separate Cogent report says 40% of clients were "highly confident" in their financial adviser in 2012, compared with 36% the year before.

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