New research by the Vanguard Group indicates that advisors boost their clients’ annual returns by three percent over what it would’ve been without advice.
So, instead of earning, say, 10 percent when investing by yourself you would earn 13 percent working with an advisor.
While three percent doesn’t seem that much, over 20 years it amounts to an outperformance of 100 percent.
Vanguard recognised seven areas where advisers improved clients’ investments:
- total returns
Listen to the audio for more detail from Warren Ingram, Financial Advisor at Galileo Capital.
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This article first appeared on 702 : Research proves getting financial advice WAY more lucrative than DIY