Advisors have long thought they make a difference in their clients’ lives. But now they have proof, thanks to new research from the Employee Benefit Research Institute, a nonpartisan public policy research group.

Low-income individuals who set retirement savings targets with input from a financial advisor reduced the risk of running out of money in retirement by anywhere from 9.1 to 12.6 percentage points, depending on family status and gender.  For the highest-income individuals, the difference was narrower, ranging from 6.3 to 11.0 percentage points, according to the analysis.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access