Advisors expect the majority of their clients to retire at or after age 67, according to a recent survey.

The 2012 FA Vision Benchmarking Survey conducted by kasina, a financial services consulting firm, and Horsesmouth, an online advisor community, says advisors expect only 43.1 percent of their clients to retire before age 67.

The biannual survey also found that advisors expect more than 33 percent of their clients will retire after age 68, and of this one third, 10 percent are expected to retire after age 71.

Of the financial advisors surveyed, more than one-third (35.2%) ranked accumulating enough assets for their clients’ retirement as their top concern.  

Potential fallout from the “fiscal cliff” followed a close second, with 34.3 percent of advisors ranking it as their primary concern. The survey of 2,521 financial advisors was conducted in fall 2012, before action was taken on the fiscal cliff – automatic tax increases and federal spending cuts set to go into effect January 1, 2013. Congress came to an agreement on taxes so the automatic increases were avoided, but postponed action on spending cuts until March 1. High unemployment and the European debt crisis followed as additional concerns for advisors.