To hire a financial adviser or not is debatable. While a DIY investor/expert can manage things for himself, there is definitely a value-add that a good financial adviser brings on the table.
Adviser can help the investments grow at a healthier pace than an individual might be able to achieve for himself. Adviser uses advanced and costly tools, the benefits of which are passed to all his clients without the need of clients paying for the research individually. It makes better economics sense.
Why one might need a
“Money is the best deodorant.” – Elizabeth Taylor
BE WEALTHIER @BETTER ECONOMICS.1
A +2% annual impact (post advisor fee) on return over 25 years can make a difference of
more than +30% on your net worth. (Advisor can aid that by better asset allocation, healthy
Think again, if you believe that advisor was a cost center.
Advisors invest in expensive
research/tools to create smart
portfolios for their clients
It’s uneconomical for an individual to buy
such research. Free advice is unreliable.
BENEFIT FROM SCALE.2
Imagine getting the insurance claim when you/your family needed it badly, just because
you had the right plan and servicing. Priceless… right?
The 0.x% discount on home loan, better pricing on wealth products, group benefits on real
estate are many by-products of having a good advisor.
Advisors can help you get better
terms, better pricing, better
servicing. It matters.
Advisors and their groups negotiate on
behalf of thousands of customers. You
benefit from the scale.
Don’t do-it-yourself until and unless you are an expert. Insurance, investments, retirement
planning, children education, Will etc. are all important but difficult to manage.
Outsourcing to financial expert keeps financial fitness in better shape. They bring in
objectivity in investment decisions, which investors otherwise miss leading to losses.
Advisors know financial health
matters like doctors know
medicine. They bring objectivity
as independent advisors.
Advisors have relevant education and
expertise to guide clients through financial
I don’t need an advisor because…X
I am an expert myself.
That’s fine. Stay on track, Be
Advice is freely available. It’s costly. Mis-selling?
Look at the benefits. Good
advisors outnumber bad ones.
Much bad advice is given
Generally, opinions are free.
Qualified advice is not.
Beware of false knowledge;
it is more dangerous than
George Bernard Shaw
Accidents happen. Be careful
but don’t stop driving; enjoy