Lawrence Cook: Delivering value

There is little doubt that over time engagement with an experienced financial adviser delivers financial benefit that exceeds the cost. Detailed studies carried out by (amongst others) Vanguard and Morningstar, show that around 1.8 to 3% p.a. can be added to returns through a financial adviser after advice charges. The mere act of engaging with one's finances (as opposed to remaining passive) contributes materially. Behavioural ‘coaching', asset allocation and drawdown choices all contribute to the return provided through engagement with an informed financial adviser. And let's not fo...