Are you interested in earning 3% more per year on your investments? All you have to do is hire a qualified financial advisor, at least according to the recent Vanguard whitepaper Quantifying Vanguard Advisor’s Alpha.
Vanguard analyzed seven strategic modules typically performed by financial advisors and quantified how certain strategies could improve client returns. Morningstar underwent a similar process and determined financial advisors could improve investor return by 1.82% per year using their framework.
No matter how you add up the benefits, it pays to work with a qualified financial advisor. To learn more about how to hire a qualified advisor check out the NAPFA's Advisor Checklist.