While the clients of financial advisors are generally clear about how much they are paying for services, they’re often less sure about the value of what they are receiving. Vanguard Advisor’s Alpha study is trying to change that by assigning a more tangible value to financial advice amid a massive $84 trillion wealth transfer.
“We quantify that value of working with a financial advisor at about 3%,” in net returns over time, says Maria Quinn, senior advice strategist at Vanguard’s Investment Advisory Research Center, on our…
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/JNGGL2QVKFA43PRVR44O6RYGEM.png "Mark Berg: How to Help Kids Financially Without Ruining Them")