Simply Wealth
The New Year period is a
common time for people to
take stock of their finances and
make resolutions designed to
boost their financial wellbeing.
And a new study has found
the likelihood of success in
this area is heavily linked to
receiving professional advice
and the establishment of clear
financial objectives.
Advice is key to success
The recently released research1 actually
provides a quantitative measure of the
value attributed to advice when it comes
to helping investors achieve their goals.
The US study was based on real-life data
relating to more than 100,000 advised
investors and found that eight out of
10 with a defined retirement goal had
at least an 80% greater probability of
achieving their financial objectives. In
other words, advised investors typically
hit 80% of their financial goals.SFFS Simply Wealth_Winter 20