A recent study has determined that 40% of advisors suffered from symptoms associated with post-traumatic stress disorder, such as sleeping disorders, self-doubt, poor concentration and depression, following the 2008 market correction.

Independent financial advisor Financial Engines has captured a sizeable portion of the 401(k) market and is now entering the Individual Retirement Account arena, reports SFGate.

Financial advisory firms are increasingly pursuing middle class clients and are adopting fee structures to serve the market segment.