Advisors tailor plans for financially solo clients
Updated
Updated · InvestmentNews · May 7
Advisors tailor plans for financially solo clients
8 articles · Updated · InvestmentNews · May 7
Ameriprise found 75% of more than 3,000 surveyed single Americans expect to remain solo long term, while 80% would keep finances separate even if partnered.
Top concerns were running out of savings, long-term care costs and burdening others, as advisors highlighted tax, estate and healthcare planning gaps for singles.
The shift is widening advisors' roles beyond investing: 47% of solo clients with advisors seek emotional support, while 60% of surveyed single adults lacked a formal will.
As nearly half of Americans navigate life solo, should the tax code be rewritten to eliminate the 'singles penalty'?
Is a 'depressed dating economy' creating a generation of young adults who must plan for a solo financial future?
With AI automating financial plans by 2028, is the future of financial advice more about therapy than about money?
46% Solo Adults in 2026: How AI and Outsourcing Are Transforming Wealth Management
Overview
Nearly half of American adults are single, driving a major shift in wealth management toward personalized services that address solo clients' unique financial needs, such as emergency funds, tax strategies, and complex estate planning. Advisors are adopting specialized tools and forming networks to better serve this growing market. Artificial intelligence and outsourcing are key to boosting efficiency, allowing solo advisors to focus on client relationships and strategic guidance while managing regulatory demands. Looking ahead to 2030, AI-driven life integration platforms will merge financial and personal data, creating a hybrid advisory model that combines technology's power with human empathy to meet the evolving needs of solo clients.