• Michele Berson

I don’t need a financial advisor. Right?

Updated: Nov 21


Well if you agree that you don’t need a financial advisor then you wouldn’t be alone in that assumption. In fact, as a financial advisor I often get challenged with the question Why on earth do I need an advisor when I can find a ton of information on the internet and not pay a fee.


That’s a great question. Research done by large institutions has found that you can expect the following when hiring the right financial advisor.

  1. When certain best practices are followed, the result can be an Alpha in the 3 percent per year range.

  2. Russell Investments estimates a good financial advisor can increase investor returns by 3.75 percent

  3. Morningstar’s study showed that investors often receive far lower returns than the very funds they invest in. This is because they usually run to funds after these funds have done well and ditch other funds before they take off.

  4. Guidance on developing an overall investment strategy, asset allocation, minimizing taxes, rebalancing, and how to structure/time withdrawals from your retirement accounts. Each of these services can incrementally boost a client’s returns — sometimes steadily, sometimes sporadically.


Berson Money

Berson Money Management is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Berson Money Management and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Berson Money Management unless a client service agreement is in place.

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