One of the smartest things you can do as an individual is work with a financial professional. According to research* from the Principal Financial Group®, people who work with an advisor said they:
- Were significantly more prepared for a comfortable retirement.
- Made solid progress toward their long-term financial goals.
- Were more financially confident.
- Were happier with their current financial well-being.
There are some conversations no one wants to have with their family. What will happen financially when you pass away is usually one of them.
Having that conversation, though, is very important for you and for your loved ones. It can help you feel confident that your wishes will be followed after your death. And it can make it easier on your beneficiaries when the time comes to transition assets.
According to Cogent Research, 48 percent of a financial professional’s time is spent retaining current clients.* If you’re an advisor, you’re clearly focused on your clients — but can that time be spent more efficiently?
As new research shows, you may be missing an opportunity to address what matters most to them: a clear understanding of their ultimate investment goals and a plan for achieving those goals.*
Did you know that nearly one in three affluent investors uses more than one financial professional?1 And, while many of these investors have specific reasons for doing so, many more do not. Instead, they tell us “it just worked out that way.”
Recently, Principal Funds teamed up with Cogent Research to explore the reasons why investors are using multiple financial professionals — and how they might benefit by consolidating their assets with a sole or primary financial professional.