Investors are increasingly recognizing the need for professional advice and comprehensive financial planning. Half of GenX investors, 46% of Baby Boomers and 45% of Matures believed they needed "the help of professionals," according to the most recent "Across Generations" survey from MainStay Investments, a division of New York Life Investment Management.

These figures are up about 10% for all three groups over 2004. Furthermore, among GenXers who do not have a financial plan, 56% recognize the need to establish one, up from 50% last year; 39% of Boomers agreed, up from 35% last year.

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