From behavioural coaching to asset allocation and emotional support, the evolving role an adviser plays sees them take on a raft of heroic guises. The value of that role is now at least 5.7 per cent of clients’ investible funds according to a new report.
Studies highlight just how much the benefit of financial advice is filtering into the public consciousness. After the pandemic, and with inflation soaring, the emotional upside of financial guidance is finally becoming clear.
The question, in my view, isn’t what is affordable. It’s this: what price should we be willing to pay for long-term financial security?
The tendency to relent to client commentary, which in many cases is driven by headlines and sentiment, is one of the biggest detractors from long-term returns.
