What’s Financial Advice Really Worth?

 

To tackle the robo threat, millennial advisors are packaging their value at a price that surprises some financial professionals

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Let me say right up front that I “get it.” In an industry where the product is a client’s portfolio growth over 30 years or so, costs can be as important as performance to the outcome.

And I applaud advisors who actively work to keep their clients’ portfolio costs as low as possible, while still recommending high-quality investments. That said, I find a lot of confusion among financial advisors about their own compensation from their clients