TIAA Institute Report Highlights Benefits of Financial Advice on Wealth and Confidence
The TIAA Institute's report shows that advised households have significantly higher net worth and better financial habits compared to those without advisors. Advised households report an average net worth of $800,000, more than double that of non-advised households. The study also highlights increased financial confidence and better investment behaviors among advised individuals.
Topics: financial advice financial confidence net worth retirement savings wealth accumulation