|PR Newswire Association LLC|
Asked what steps they have taken to help achieve their financial goals, most investors say they save a certain amount on a regular basis (59 percent). Nearly half reduced their spending as a way to succeed (45 percent). Four in ten calculated how much they would need to reach their goals (41 percent), and 40 percent consulted a financial professional for specific advice about their goals.
The findings are derived from the Q4 2012
More than half (52 percent) of respondents say they have a financial advisor. Of that group, 56 percent say the main reason why they choose to work with a professional financial advisor is that they believe the advisor can help them attain better investment returns. Others cite as their main reason wanting a more comprehensive financial plan or wanting to confirm that their financial decisions are on track (47 percent each). Thirty-seven percent of this group says they don't feel knowledgeable enough to manage their own investments. A quarter of investors say they work with an advisor because they lack the time to manage their investments (24 percent).
About 43 percent of those who do not work with an advisor say they choose not to work with one because they feel knowledgeable enough to manage their own investments. About forty percent enjoy managing their own investments, while 36 percent say they don't think advisors provide good value for the money.
This online survey was conducted by independent research firm
About John Hancock Financial and
John Hancock Financial is a division of
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in
SOURCE John Hancock Financial