How do I perceive the value of a financial advisor? It depends on a myriad of factors, including your knowledge base in matters of investing and personal finance and more!
Vanguard did a study a few years ago, and their conclusion is routinely trotted out by financial advisors trying to convince you to use their services.
It should come as no surprise that some advisors are better than others. Not convinced of that? I encourage you to try an experiment I have undertaken over the last half-decade.
As important as the advisor is to this equation, the investor matters even more. You see, the value of even a good advisor depends a great deal on the investor.
If you think this stuff is interesting, or if you just can’t stand the thought of paying someone else thousands of dollars a year to do it for you, then go for it.