A good financial advisor can increase clients’ after-tax investment returns by about 3%, and a big component of that is helping them avoid costly mistakes during scary markets like this year’s, says Fran Kinniry, head of the Vanguard Investment Advisory Research Center. “Whether it was during the Covid crash, or 2008, or the internet tech bubble, or now, without a coach, we’ve seen investors really lagging the returns,” says Kinniry.
Speaking with Barron’s Advisor, Kinniry explains how advisors’ value proposition has transitioned…
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