How African Americans Can Find a Financial Adviser
One of people’s biggest worries about retirement is that they will run out of money. It’s a legitimate concern, considering that most people haven’t saved nearly enough for retirement and many have saved nothing.
Still, according to a survey by Voya Financial, less than a third of the Americans work with a financial professional, even though people who did saved three times more for retirement.
When it comes to African-Americans, the numbers are even worse. Just over 1 in 10 African-Americans work with a financial professional, according to Prudential’s 2015-2016 African American Financial Experience. Most say they don’t have a relationship with a financial adviser because they don’t have enough assets, or they prefer to manage their own money.