Merrill Edge Roadmap provides a simple way for clients to understand their current financial situation. They also document their financial goals, and create an action plan to help them pursue those goals.
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To ensure that clients stay on track, Merrill Edge Roadmap includes a complimentary review of their progress at least twice a year.
According to the fall 2012 Merrill Edge Report, three-quarters (73%) of mass affluent Americans are concerned that their retirement assets won’t last throughout their lifetime, and 67% are concerned they won’t be able to afford the lifestyle they desire in retirement.
The cost of college is also a concern, with nearly three-in-five (58 %) dipping into their own personal savings to fund their children’s education. As a result, 76 % of mass affluent Americans are seeking some kind of guidance to help them manage important financial tasks.
The Merrill Edge Roadmap experience starts with a one-on-one conversation with a licensed Merrill Edge Financial Solutions Advisor. The conversation focuses on clearly laying out the client’s current financial situation – including savings, income and expenses. This is followed by a detailed discussion of the goals for the client and their families, which may include retirement, college savings, emergency funds, saving for a large purchase, or accumulating wealth. From there, a client receives a free financial assessment and action plan, including specific investment recommendations tailored to their needs.
Hence, a client will receive reports detailing the progress they are making towards their specific goals. They will also have the opportunity to meet with a Financial Solutions Advisor every six months or as needed to review their advancement toward their goals and make adjustments if necessary.
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