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Benzinga
Benzinga
Business
Jamela Adam

Nearly Three-Quarters of Millionaires Use A Financial Advisor — More Than Twice The Rate of The Average Investor

Red Flags When Choosing Financial Advisors

Millionaires don't manage their money alone. In fact, one of the most common traits among wealthy Americans is that they lean on professional help. Some 74% of American millionaires, defined as having at least $1 million in investable assets, report that they have a financial advisor, according to the Northwestern Mutual 2025 Planning & Progress Study. In contrast, just about 34% of the general population do so.

What This Means in Practice

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