Fewer People of Color Are Working With an Advisor This Year, Study Shows

Fewer People of Color Are Working With an Advisor This Year, Study Shows

Financial advisors have significant opportunities when it comes to helping people of color save for retirement. Data released Wednesday from the Allianz Life 2022 Retirement Risk Readiness Study show that fewer people of color are receiving help from a financial professional than did in 2021. According to the research, fielded in February, 24% of Black/African-Americans polled said they are working with a financial advisor.