The demand for trustee services may increase slightly this year, according to a survey.
Last year, 60 percent of registered investment advisors and financial planners surveyed saw an increase in demand for trustee services while this year 63 percent are predicting an increase, according to a survey of 51 RIAs and 49 financial planners by ByAllAccounts and HWA International.
Forty-six percent are looking for a hike of up to 20 percent, 17 percent are forecasting increases of 21 percent to 63 percent, 20 percent predict no change while 19 percent forecast a decrease of up to 20 percent with 1 percent worried of a decline of 21 percent or more, according to the survey.
Byallaccounts is a provider of account aggregation service for financial professionals. HWA is a trust accounting software vendor.