4 New Year’s resolutions wealth managers are making for 2025

As 2025 approaches, many financial advisors are excitedly looking forward to the new year. When the clock strikes 12, what resolutions will they be making to make the best of it?

There is ample reason to be optimistic. In the final months of 2024, U.S. stocks broke record after record. Inflation remained relatively low, with the consumer price index hovering at 2.7% in November. And by the end of December, the Federal Reserve fulfilled its pledge to lower interest rates three times.

So by all appearances, 2025 is shaping up to be a strong year for the American economy. And after Donald Trump won the presidential election, advisors’ confidence in U.S. markets reached unprecedented heights.

“This will be the best economy of our lifetime,” one wealth manager told Arizent’s Financial Advisor Confidence Outlook (FACO) survey.

But resolutions are hard to keep, and financial resolutions are even harder. The average New Year’s resolution lasts less than four months, a study by Forbes Health found. As for financial goals, 56% of people who made money-related resolutions in 2024 had given up on them by the end of the year, according to research by Edward Jones.

So do New Year’s resolutions actually work? Some planners have their doubts.

“I used to set hard and fast goals for the new year,” said Jay Zigmont, founder of Childfree Wealth in Mount Juliet, Tennessee. “The problem is that we rarely hit those goals, and may be disheartened when we come up short.”

READ MORE: 5 financial planning topics to bring up with clients in 2025

But that doesn’t mean Zigmont is giving up on self-improvement. He’s just handling it differently this year.

“I’m focusing on small, incremental changes that help me to head in the right direction,” Zigmont said. “The key is to focus on the journey, not the destination.”

Many advisors are also taking this gradualist approach. Others are shooting for the moon. Here are four resolutions wealth managers are making for 2025: