A 16-year study by Vanguard Investments that found a financial adviser effectively adds around 3% to the value of a client’s portfolio over time. This is on top of normal investment returns.
The real significance of this is that you can have a finance professional take care of one of the most important jobs in your life (funding your retirement) for very little, if any, real cost. This can even be the case for those with smaller portfolios.
This benefit isn’t just from better investing, though that will often be the case. It’s the more holistic approach that wins the day. Vanguard Investments identify the following areas as those that will generate this positive outcome:
Finally, the concerns many potential clients have over the cost of financial planning means they delay getting help early enough which, in turn, threatens the very retirement outcomes they want to achieve.
PlannerWeb / AcctWeb