Time and time again, investors with a financial plan say it helps them save regularly, better manage their debt and achieve greater wealth. Indeed, research has shown that those who have a plan and stick with it achieve three times more wealth than those without a plan.1 So why don’t more of us have one?
According to Schwab’s 2019 Modern Wealth Survey—which tracks how well Americans across the wealth spectrum are planning, managing and engaging with their money—only 28% of people have a written financial plan. Of those respondents without a plan, nearly half believe they don’t have enough money to warrant one, while others assume the planning process is too complex or time-consuming.
That’s why we launched Schwab Intelligent Portfolios Premium. It combines the powerful automated investing technologies behind Schwab Intelligent Portfolios® with unlimited one-on-one guidance from a Certified Financial Planner™ professional who can help prioritize your saving goals and create a personalized plan for reaching them.
Schwab Intelligent Portfolios Premium is subscription-based: After a one-time planning fee, there’s a monthly subscription similar to what you might pay for music and movie services. Everyone enjoys the same pricing, regardless of how much they have to invest.
The sooner you get started on your financial plan, the better. For your future, please consider taking the next step today.
President & CEO
1Annamaria Lusardi and Olivia S. Mitchell, Financial Literacy and Planning: Implications for Retirement Wellbeing, National Bureau of Economic Research, 05/2011.
What You Can Do Next
Ready to create your financial plan? Get started today when you enroll in Schwab Intelligent Portfolios Premium™.