How financial planning makes a difference

True financial planning is based on a long-term, one-to-one relationship with an advisor and involves a comprehensive, ongoing approach to managing all areas of your financial life. For many people, having a financial plan helps them feel more confident about their financial future.

Recent reports show that 93% of couples and individuals who have a financial plan feel financially prepared for their retirement. Only 70% of people without a plan feel prepared.¹

What can financial planning can do for you?

Increase your confidence about financial matters

Recent research² shows that people who have written plans say they are:

• Less likely to worry about retirement
• More satisfied with the process of managing their finances
• More likely to regularly review their plan – more than 1 in 3 people do so every year; more than 1 in 4 do it quarterly.

Feel more prepared for whatever the future holds

Your life changes, so your plan should too. Working with a knowledgeable financial advisor – someone who takes a genuine interest in your financial success – can help keep you on track with your objectives.

• Review your plan regularly and track your progress toward your goals.
• Apply new solutions, strategies and tactics as your needs change.

Develop an ongoing relationship with a financial advisor

A growing number of people have found that working with a professional financial advisor can help them feel more confident about their financial future²:

• As people age and acquire more assets, the more they use financial planners.
• People of higher income do less of their own financial planning and rely more on advisors.
• People experiencing a major life change (new job, divorce, etc.) often realize their financial needs have changed and their plan requires adjustment.
• Most people who use a financial planner feel very satisfied and maintain an ongoing relationship with their advisor.