Why do I need an advisor?

50 Things: What a Professional Financial Advisor Does for You

15th Sep, 2017

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50 Things: What a Professional Financial Advisor Does for You

Financial Planning

  1. Cares more about you and your money than anyone who doesn’t share your last name.
  2. Guides you to think about areas of your financial life you may not have considered.
  3. Formalizes your goals and puts them in writing.
  4. Helps you prioritize your financial opportunities.
  5. Helps you determine realistic goals.

The Value of a Fiduciary Advisor Reaches 4% in 2017

29th Aug, 2017

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The Value of a Fiduciary Advisor Reaches 4% in 2017

From: www.iris.xyz

Written by: Brad Jung | Russell Investments

Updating our annual “Value of an advisor” study for 2017 seems especially relevant given the spotlight that the DOL fiduciary rule has shone on all manner of fees in recent months. Regardless if the fiduciary rule is materially changed or not during the current delay, the fact remains that…

DIY Estate Planning Has Its Risks

8th Aug, 2017

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DIY Estate Planning Has Its Risks

From: wsj.com

Before crafting a last will on your own, here are some issues to keep in mind

Two years ago, Matt Ahrens and his wife were heading out of state without their infant son, and neither had a will. Mr. Ahrens heard a radio ad for an online document company—and downloaded a will from the site.

“For me, the scariest thing was the idea of something happening…

The Value of an Objective Opinion

6th Jul, 2017

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The Value of an Objective Opinion

The Importance of Timing

Although genetics can play into one’s life expectancy, a survey by the Society of Actuaries showed that there is a disconnection between how long people expect to live and the age their oldest family members reached. Despite half of retirees and pre-retirees reporting that they had a family member who lived longer than 90 years, both groups expected to live an average of six years less…

2017 Value of a fiduciary advisor: more than 4%

4th May, 2017

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2017 Value of a fiduciary advisor: more than 4%

From: blog.helpingadvisors.com

Updating our annual “Value of an advisor” study for 2017 seems especially relevant given the spotlight that the DOL fiduciary rule has shone on all manner of fees in recent months. Regardless if the fiduciary rule is materially changed or not during the current delay, the fact remains that fees – and the value clients derive from them – are forefront…

Putting a value on your value

28th Jan, 2017

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Putting a value on your value

  • The value proposition of advice is changing. The nature of what investors expect from advisors is changing. And fortunately, the resources available to advisors are evolving as well.
  • In creating the Vanguard Advisor’s Alpha concept in 2001, we outlined how advisors could add value, or alpha, through relationship-oriented services such as providing cogent wealth management via financial planning, discipline, and guidance, rather than by trying to outperform the market.
  • Since then,…

6 Key Value Propositions A Good Financial Planner Can Provide

28th Jan, 2017

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6 Key Value Propositions A Good Financial Planner Can Provide For Clients Seeking A Better “Return On Life”

From: kitces.com

The Varying Value Propositions Of Financial Advisors

In the world of investment advice, defining a value proposition is relatively straightforward. Advisors can offer superior investment selection, better investment analysis, effective diversification and risk management, built on the foundation of a quality investment process, all in pursuit of the investment holy…

Evaluating Financial Planning Strategies & Quantifying Their Economic Impact

27th May, 2016

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Evaluating Financial Planning Strategies & Quantifying Their Economic Impact
Kitces Report

From: kitces.com

For any financial planner who charges for their advisory services, quantifying the value (or value-add) of good financial planning advice is crucial in order justify the cost. At the most basic level, no service business is viable – financial planning or otherwise – if the value of what’s delivered fails to exceed its cost.

Yet ultimately, the exercise of trying to…

10 Benefits of Working with a Financial Advisor

23rd Mar, 2016

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10 Benefits of Working with a Financial Advisor

From: FundChoice

1. Financial Health Assessment
We tend to be biased when evaluating our finances. A financial advisor will assess your current financial health from an objective standpoint.

2. Tailored Goal Formation
From professional and personal to health and familial, setting goals is a daunting task. The right financial advisor will help you draw a financial thread through your ambitions and set appropriate, realistic, and manageable fiscal…