Middle Class Struggles to Get Good Financial Advice

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Middle Class Struggles to Get Good Financial Advice

May 05, 2013

Until recently, financial advisers have managed investment portfolios for affluent clients and charged more than the Manseaus could afford. Fortunately, a growing number of financial planners and online websites are serving middle-class families…

"Middle class need blocking and tackling, with debt management and cash flow management," says Eleanor Blayney, CFP Board's Consumer Advocate. "It's important for them to find a planner who offers two sides of financial planning and is not simply an investment manager."

Who can you trust?

Even if financial advisers have a lot of letters after their names, that doesn't tell you anything about their experience. Among the variety of designations, a CFP[® designation, or] CERTIFIED FINANCIAL PLANNER[™ designation], is often considered the most significant.  Read more >

USA Today
Christine Dugas
May 5, 2013

Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
Let's Make A Plan
Don't address your finances individually. Pull your finances together with the help of a CFP® professional.