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Many Americans are reducing their long-term savings in order to pay daily bills. Advisors say there's a way to do both at once.

The firm is undervalued by the stock market when compared to "two high-quality peers" in Raymond James and Morgan Stanley, its CEO said.

Érica Carnevalli is a spring reporting associate at Financial Planning. She is a graduate student in the business and economic reporting program at New York University. A native of Brazil, she has also worked at Brazilian publications and interned at CNBC Investigations in New York.

Jonathan Timothy is a world traveler, word game enthusiast and family man with a passion for learning new things. He is currently a product marketing manager at Canopy pursuing an MBA degree.