In the age of DIY, should you manage your own portfolio? That’s a great question! And we’d like to weigh in. According to the financial experts at The Balance, one of the world’s largest investment companies, Vanguard, has been examining this question for 15 years. Based on research, analysis and testing, Vanguard has concluded that there is, in fact, a quantifiable increase in return from working with a financial advisor. Vanguard calls this advantage the “Advisor’s Alpha.” When certain best practices are followed, the result can be an Alpha in the 3 percent per year range. Read more about this topic HERE.
Beyond the math, there are plenty more reasons to get an advisor on your team. On today’s show, Dennis and Heidi will give you a few good ones when considering an advisor in 2021.