Fiscally conscious investors want to get the most for their money, and when it comes to working with an advisor, it’s important to understand the fee structure and what value they’ll provide. Now that anyone can research and access information at the click of a mouse, this question is extremely important to ask.
With more than 50 years of experience combined, Laura Stover, RFC® and Michael Wallin, CFP® understand the industry and what it takes to provide financial guidance for people working towards retirement. Those relationships, experience, and opportunity to learn from others is a huge benefit to working with someone like Laura and Michael, which is part of what we want to discuss.
In this episode, we’re going to break down the reasons why advisors are worth the fees they charge and how to evaluate the benefits you’re receiving. Returns are important, but the things that can’t be calculated like discouraging market timing and helping you avoid panic selling are two of the critical benefits to having an advisor on your side. They’ll also share some data to go along with these reasons to help paint the picture.
Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
Rate, Review and Subscribe to the Podcast:
https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
How to Connect:
redefiningwealth.info
lswealthmanagement.com
Schedule a Review: https://redefiningwealth.info/schedule/
Timestamps (show notes):
5:21 – The two ways fees are determined based on investments
8:36 – Quantifying the impact of optimal planning decisions
11:58 – Bringing increased returns with less volatility by rebalancing
15:10 – Accessing the research that advisors do
20:19 – Helping with investment strategies
23:20 – Helping clients avoid panic selling
29:09 – Discouraging market timing
31:39 – Saving you significant money in taxes
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