Pam Krueger is the founder and CEO of Wealthramp, an SEC-registered referral service that connects consumers with rigorously vetted and qualified fee-only financial advisors. The company launched the nation’s largest independent fiduciary advisory network. Wealthramp was built on the foundation of consumer advocacy and born out of viewer questions from Pam’s investor-education television series MoneyTrack. She is the creator and co-host of the award-winning program seen nationally on over 250 PBS stations and funded by the Investor Protection Trust. She is the recipient of two Gracie Awards for educating the public about personal investing, and finding the right financial advice, and author of The MoneyTrack Method: A Real Person’s Guide to Successful Investing. A fierce champion for financial education and empowerment, Pam has served on the board of directors of the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, and received the Financial Educator of the Year Award from the Financial Literacy Institute.
The results of this survey illustrate who these advisors are – true fiduciary financial advisors who are completely bifurcated from sales. What it shows is clients are receiving qualified advice and financial planning instead of product selling. And clearly this matters to investors, especially in the current economic environment. We see this satisfaction in the overall client retention rates of those surveyed, as well. The majority of advisors report a current client retention rate of above 97%, with not a single advisor in the survey selecting an overall retention rate of below 80%. Americans are increasingly relying on vetted, fee-only financial advisors for assurance on how to protect their finances during a year of challenging headwinds.27 October 2020