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Study: Most Americans Feel They Have Insufficient Assets for Financial Advice

According to TIAA-CREFF’s fourth annual Advice Matters survey, 63% of Americans believe that don’t have enough money to seek investment advice.

However, nearly three our of four respondents said they would like to receive financial advice in the future.

The survey also found that 45% think they need at least $50,000 in savings to seek financial advice.

Here at AAII, our mission is to offer unbiased investment education and research to help individual investors become more effective managers of their assets. Many of our members are do-it-yourself investors who do not seek the advice of investment advisors. Furthermore, we feel that would-be investors can get started with a relatively small initial investment.

If you haven’t already taken advantage of the many benefits AAII membership offers, consider a risk-free 30-day Trial AAII Membership. Your trial membership will give you access to AAII’s library of unbiased investment education as well as model investment portfolios, asset allocation models and much, much more.

 

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