The Impact of Financial Advisors

Individuals who work with a planning focused financial advisor make the best overall financial decisions. This was the finding of a recent Journal of Financial Planning article which looked at the impact that transactional vs. planning advisors have on clients. The study analyzed the impact of the client's decision making in the areas of investment risk, saving, life insurance, credit card debt, and emergency funds. This finding reinforces our use of financial plans as a foundation for financial advice when working with clients.

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