Just looking at your return compared to an index does not tell you the real value of your advisors benefit to your financial health….
Look at the big picture: Many advisers provide a range of services—from helping clients find a mortgage to helping them create a lifelong financial plan—that go beyond investing.
As such, it may not make sense to judge advisers solely on whether they can beat an index. Rather, “it is a piece of the evaluation,” says Jason Lina of Resource Planning Group, an Atlanta advisory firm. And that isn’t factoring in the intangibles: Is the adviser quick to respond to a question? Can the adviser refer you to a good accountant or estate attorney? Such things aren’t easily “benchmarked” and yet they may be what matters most in the long run, pros say.
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