Is a Financial Advisor Worth It? A New Study Says Yes!

Have you ever wondered if a financial advisor is worth it? A lot of Do-it-yourself investors would rather skip the advisory fee, but that may be a costly decision. In fact, according to Vanguard's "Advisor’s Alpha" study, a good financial advisor can add about 3% in net returns *per year* through behavioral coaching, asset allocation, rebalancing, and tax planning. In this video, Erin Kennedy and I interview Nick Manley with Vanguard to discuss, in detail, the reasons behind that performance gap.

DIY investors often underperform the market because they tend to react emotionally to market movement versus sticking to a risk appropriate financial plan. Also, they often overlook the value in tax planning, rebalancing, and other advanced planning strategies. For more information, see the study from Vanguard: https://advisors.vanguard.com/content/dam/fas/pdfs/IARCQAA.pdf

A good financial advisor should provide concrete value to clients, beyond just portfolio returns. If you'd like to have a no obligation chat to determine if you could benefit from having a personalized financial plan, just text or call me at 830-476-2505 or book a free chat.