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Those With a Financial Plan Feel More Confident, Satisfied and Less Financially Worried, Finds Morgan Stanley Wealth Management
NEW YORK, July 08, 2025--Morgan Stanley Wealth Management today unveiled the results of research on financial planning, underscoring the pivotal role a professional financial plan plays not just in achieving financial long-term goals, but also confidence and wellbeing amid market uncertainty.
About this update from Morgan Stanley
[{"type":"list","items":[{"val":[{"type":"text","content":"Early & consistent financial planning key to maximize financial choices and opportunities","length":93,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"While ~97% acknowledge the importance of financial planning to reach goals, only 53% have a financial plan","length":106,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":199,"olType":false},{"type":"text","content":"NEW YORK, July 08, 2025--(BUSINESS WIRE)--Morgan Stanley Wealth Management today unveiled the results of research on financial planning, underscoring the pivotal role a professional financial plan plays not just in achieving financial long-term goals, but also confidence and wellbeing amid market uncertainty.","length":310,"tagName":"p"},{"type":"text","content":"The poll surveyed over one thousand affluent investors between the ages of 25-75 to explore how financial planning fits into their lives, with "financial planning" defined as a comprehensive process involving a Financial Advisor analyzing a client’s entire financial situation and helping them set and work toward short- and long-term goals.","length":351,"tagName":"p"},{"type":"text","content":"Key takeaways from the research include:","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Financial Plans Correlate with More Positive Mental Wellbeing: Investors with a financial plan report greater confidence and satisfaction. Fewer worry about saving enough (36% vs. 47% without a plan) and on average they rate their investment value and financial health higher by ~10%. They are also more likely to describe their financial outlook as "prepared" and "hopeful," and report better mental wellbeing and satisfaction in both life direction and relationships.","length":489,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Majority Wish They Started Sooner: Despite 76% of investors with a formal financial plan wishing they had started earlier (at the beginning of their careers), only 28% actually did, with 68% waiting until the need to save for retirement emerged—a significant gap between ideal financial planning behaviors and reality.","length":318,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Yet There Is a Confidence Gap: While 53% of those still work...