Why Should You Hire a Financial Adviser?
Many people have this common question;‘Why should I pay somebody to manage my finances?’ This is of course quite justified until you understand how beneficial financial advisers can be. Based on 15 years of research, analysis and testing, Vanguard, one of world’s largest investment companies concluded that when you work with a financial adviser, there is a quantifiable increase in returns. A separate study by Russell Investments, a large money management firm, estimated an increase of returns by 3.75 per cent when a good financial adviser is hired. These studies are proof of how beneficial a financial adviser could be. Before we go on to explain in detail the main benefits of hiring a financial adviser, let us first understand what or who a financial adviser or a financial planner is. A financial adviser is an individual who has expert knowledge and appropriate qualifications that can offer valuable industry insight and expertise above that of a laymen or general cons