Money can't buy happiness, but this study indicates paying a financial advisor could potentially help.

According to the Herbers & Company's inaugural Consumer Financial Behaviors Study, "As individuals move past $1.2 million of assets, those who work with financial advisors rapidly increase in happiness, while those without advisors rapidly become less happy,"¹

The results of the study also suggest that those with financial advisors experience greater satisfaction outside of their relationship with money. Which high-net-worth individuals were happiest? Click here for a breakdown of the study.

Regardless of your current assets, if you're looking for ways to work toward
growing your wealth with discretion, minimizing your taxes or planning your
retirement or estate, it could be a good idea to speak with a fiduciary financial advisor.

SmartAsset's latest proprietary model reveals that working with a financial advisor could potentially add from 36% to 212% more dollar value to investors' portfolios over a lifetime, depending on multiple unique, individual factors.²

But finding an advisor can seem daunting, so we created a free tool to help match you with vetted financial advisors serving your area, each legally bound to work in your best interest.

It's never too late to plan to work toward a comfortable retirement. Get your
financial advisor matches today.

Try SmartAsset's Financial Advisor Matching Tool

Hire a pro. Find and compare vetted financial advisors serving your area, each legally bound to work in your best interest.

SmartAsset
122 E 42nd St #4300, New York, NY 10168

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 receives
compensation from Advisers for our services. 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.

Sources:
1."What's the value of a financial advisor?", Herbers & Company (Dec. 2021)
2."The Value of a Financial Advisor: What's It Really Worth?" SmartAsset (Nov. 2024)

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