Do You Need a Financial Adviser Before the End of the Year? Here’s How to Know for Sure

Have you reflected on what went well and what didn't go so well with your finances this year? Do you need to get a financial adviser's help?

A person works on a computer. Karolina Grabowska/Pexels

By Melissa Brock

Suspect that you might need a financial adviser or financial planner? Deciding whether to add a financial adviser to your “team” might depend on a variety of reasons, both personal and practical. The end of the year might be the right time to search for your newest team member.

In a CNBC and Acorns Invest In You Savings Survey, the majority of Americans polled reported that they manage their own finances, with no help from a professional or online service. The survey showed that 75 percent of Americans manage their own money—only 17 percent manage their money with a financial adviser’s help. In terms of age groups, a total of 31 percent of Americans aged 65 and older use a financial adviser, compared to just 4 percent of Americans between the ages of 18 and 24 and only 7 percent of Americans between 25 and 34.