Contextual knowledge and specific know-how are key to delivering true value to clients, according to Lawrence Cook. Here he explains why...
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes