• Michele Berson

I don’t need a financial advisor. Right?

Updated: Nov 21, 2020


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.


5 views0 comments