Of the 14 advisors participating in the survey, only 38% said their firms have fewer conflicts of interest and are more transparent about fees than five years ago.
 
The results are being deemed positive because they show there is more focus on how advisors and their firms are conducting their businesses.
 
But the survey also shows continued discomfort by investors, especially the wealthy.
 
Only 28% of wealth investors are confident about their current investment strategies while 23% have major concerns. Just under half are neutral on the topic.  
 
The study also showed that more families are turning over investment management control to internal chief investment officers and others who are well-known instead of to outsiders.

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