Nearly 9 out of 10 (88%) respondents with a comprehensive financial plan feel they have a clear financial direction, a number almost 50% higher than those without professional planning services.
More than three quarters (78%) of those with a comprehensive financial plan feel well prepared for retirement, as compared to less than half (46%) of those with no professional support.
People with a comprehensive financial plan are more than twice as likely as those with no professional support to report taking actions such as rebalancing their portfolio (42% vs. 16%) and adding more money into new accounts (15% vs. 10%) .
More than two thirds (67%) of those with a comprehensive financial plan say they save at least 8% of their gross income, compared to less than half (45%) of those with no professional support.
FPA® and Ameriprise® Value of Financial Planning study conducted by Harris Interactive, August 2008.
The Financial Planning Association (FPA) and Ameriprise Value of Financial Planning Study: Consumer Attitudes and Behaviors in a Changing Economy, was conducted online within the United States by Harris Interactive on behalf of the Financial Planning Association and Ameriprise Financial between June 27 and July 18, 2008 among 3,022 adults with greater than $50,000 in annual income or investable assets. No estimates of theoretical sampling error can be calculated; a full methodology is available.