Wednesday, July 21, 2010

Fidelity study looks at advice and charitable giving - Daily Business Update - The Boston Globe

Fidelity study looks at advice and charitable giving - Daily Business Update - The Boston Globe: "Some financial advisors think their clients are likely to increase their charitable giving in order to offset expected tax hikes, according to a new report from the Fidelity Charitable Gift Fund.

The fund's study gathered input from more than 500 financial advisors on their approaches to giving advice about charitable planning, a Fidelity press release said. According to the study, 52 percent of respondents proactively offer charitable planning advice, but 63 percent said they believe their clients would be interested in such advice. One reason cited for shying away from giving such advice is that many financial advisors regard philanthropy as a client's personal decision, the release said."

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