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Herbers & Company's Consumer Financial Behaviors Study polled 1,000 consumers across the U.S. and found people with a specific amount in household assets report higher levels of happiness when working with a financial advisor compared to those who don't have an advisor.¹ Just how much money do you need? Find out here.

The study says people who have financial advisors are not only happier with their finances, but also far happier about their personal relationships and their communication with their partners. Additionally, the study says it's possible that happy couples might be more likely to hire financial advisors. It continues, stating that working with a financial advisor gives couples an opportunity to talk about financial goals, and could thereby give them a happiness boost.

While money can't buy happiness, paying a financial advisor could potentially help. But with thousands of options available, it can seem daunting to choose one. That's why Smart Asset developed a no-cost tool to help match you with up to 3 vetted financial advisors serving your area so you can compare and decide which to work with. It's never too late to work towards a comfortable retirement.

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Sources:

1. "What's the value of a financial advisor?", Herbers & Company (Dec. 2021)

This is not an offer to buy or sell any security or interest. All investing involves risk, including loss of principal. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.

SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAsset's services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any user's account by an Adviser or provide advice regarding specific investments.

We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.

SmartAsset.com is not intended to provide legal advice, tax advice, accounting advice or financial advice (Other than referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States). SmartAsset is not a financial planner, broker or tax adviser. The Service is intended only to assist you in your understanding of financial organization and decision-making and is broad in scope. Your personal financial situation is unique, and any information and investing strategies obtained through SmartAsset.com may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.

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