More consumers turn to financial advisers

04/29/2013 | CNBC

More consumers are seeking professional help managing their portfolios. Registered advisers' assets under management reached $50 trillion in 2012, up from $22 trillion in 2002. One reason for the trend is that people recognize it is important to have an impartial guide. "[T]here's so much volatility in the market that it's easy to get emotionally charged," said Michael Branham, president of the Financial Planning Association.

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