In a study conducted by Aon Hewitt, investors who sought financial advice had 79% more wealth than those who did not.
According to Schwab’s study, Self-Directed Brokerage Account (SDBA) participants who worked with an advisor had an average balance of nearly twice as much as the accounts held by non-advised participants.
According to Vanguard, people that get help with their investment allocations outperform individuals that do not get help by over 3%.
Without help, investors make mistakes. The average equity investor underperformed the S&P 500 by 6.18% over the past 30 years. That’s only 1.33% better than inflation over the same period.