FYI: I’m just going through the latest piece from Vanguard about an internal study they’ve carried out among their self-directed investment clients who’ve migrated over to financial advisors. It turns out that these investors were significantly more likely to shed the “home country bias” within their equity allocation, to have a higher allocation toward equity risk overall, and to be holding less cash – excessive cash proportions being emblematic of a lack of investor confidence overall.
When they asked clients to assign value to the different aspects of having a financial advisory relationship, the firm found that:
Regards,
Ted
https://thereformedbroker.com/2019/09/16/what-advisors-bring-to-the-table/
