25% of U.S. households use a financial planner

11/30/2011 | Wall Street Journal, The

One in 4 households turn to a financial planner for advice, up slightly from the late 1990s, an analysis of Federal Reserve data reveals. Americans who say they are comfortable with some investment risk are more likely to use a financial planner, the report found, and those age 30 to 69 are more likely to do so than are people 70 and older. Some demographic groups that could benefit most from financial advice lag in their reliance on planners.

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Wall Street Journal, The

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