Advisors can add even more value when looking beyond investments to tax aware planning.
The results are in: The value of an advisor is more than triple the typical fee advisors charge for advisory accounts.
Consider this evidence that suggests you more than deserve your advisory fee based on the value you deliver to your clients.
Consider an example that suggests you more than deserve your advisory fee based on the value you deliver to your clients.
Advisors can bring value to their clients in three ways: 1) steer them away from making behavioral mistakes, 2) establish an objective rebalancing strategy and 3) free up hours of their time so they can focus on other areas that are more important to them.
Recent mutual fund flows indicate that many investors have missed the equity market rally since 2009, as it appears they shifted investments out of equities and into bonds (based on the numbers shown). If investor emotions – rather than a change in investor goals – sparked this trend, it’s especially concerning.