What's the value of a financial advisor?
Two studies found that working with a financial professional may result in higher returns and potentially lower personal stress.
Seventy-seven percent of people within 11-15 years of retirement are stressed when thinking about retirement savings and investments.¹
Working with a financial advisor to develop a written retirement income strategy, however, can increase your financial confidence leading up to retirement, according to Franklin Templeton’s annual Retirement Income Strategies and Expectations Survey.
With and Without²
In addition to providing financial guidance, financial advisors may also add about three percentage points in net portfolio returns over the long term, according to a study by Vanguard.³
Financial Advisor Advice Components⁴
It’s important to remember that financial advisors also may offer guidance that wasn’t measured in the two studies. Advisors may help develop insurance strategies that protect against the financial consequences of loss of income, and coordinate with other financial professionals on tax and estate management.