The National Association of REALTORSÂ® (NAR), together with global financial services firm Morgan Stanley, recently announced that it is offering investment guidance and other financial wellness resources to Americaâ€™s 1.4 million REALTORSÂ®. NARâ€™s 2019 Financial Planning Report found that just 52 percent of REALTORSÂ®Â actively save for retirement, while nine out of 10 NAR members reported difficulty saving for a rainy day. This newly available financial planning and investment guidanceâ€”offered through NARâ€™s Center for REALTORÂ®Â Financial Wellnessâ€”will be uniquely designed to fit the needs of REALTORSÂ®Â at every age and career level.
â€śThrough everything weâ€™ve faced in 2020, REALTORSÂ®Â have been steadfast and resilient, and our industry has led the nation in its progress toward economic recovery,â€ť said NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, Calif. â€śBut while we work tirelessly on our clientsâ€™ behalf each day, it is also critical for every REALTORÂ®Â to take steps to secure their own financial future.â€ť
Through its alliance withÂ Morgan Stanley at Work, NAR members will have access to financial guidance and planning concepts. These tools will address REALTORSÂ®â€™ unique financial needs and offer the support of a dedicated Morgan Stanley financial advisor on issues ranging from college savings to retirement and estate planning.
Participating REALTORSÂ®Â will also be able to useÂ Morgan Stanley Access Investing, the firmâ€™s automated, online investing platform.
â€śNAR is proud to offer countless invaluable services through our Center for Financial Wellness, and weâ€™re excited to announce this new partnership with Morgan Stanley today,â€ť said Marc Gould, NARâ€™s senior vice president of member development. â€śWith discipline, diligence and proper planning, Americaâ€™s 1.4 million REALTORSÂ®Â can withstand any financial challenge thrown their way. And NAR wants to be there to support our members at every step of that journey.â€ť
To learn more about this initiativeâ€”along with various additional investment plan opportunitiesâ€”NAR members can visit theÂ Center for REALTORÂ®Â Financial Wellnessâ€™s special offers page.
â€śWe strongly believe that financial wellness is an essential component of every individualâ€™s financial health and well-being,â€ť said Krystal Barker, head of financial wellness at Morgan Stanley at Work. â€śBy creating an accessible digital financial experience, coupled with providing dedicated financial advisors,Â REALTORSÂ®Â and their families are now able to navigate their finances and plan for their financial future.â€ť
For more information, please visit www.nar.realtor.