According to a Northwestern Mutual survey, 70% of Americans who work with a financial advisor feel financially secure, compared to only 30% of those who do not work with an advisor (Northwestern Mutual, 2019). This underscores the importance of partnering with a financial advisor to gain the confidence and knowledge needed to make informed financial decisions and achieve long-term goals.
The data suggests that partnering with a financial advisor can provide qualitative and quantitative value for individuals seeking to manage their finances and achieve their financial goals. From higher investment returns to emotional support and financial well-being, a financial advisor can help individuals navigate the complex world of personal finance and achieve a secure financial future.
References:
Financial Planning Association. (2019). The financial planning profession and the future of financial advice: Key trends and insights.
Northwestern Mutual. (2019). Planning & Progress Study 2019: Four insights for a stronger financial future.
Vanguard. (July, 2021). Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.