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Helping people make smart financial decisions

The Numbers Are In:

For decades, the advantage of enlisting a financial advisor has been an enigma.

Their precise ROI is actually mysterious by design – the government’s design. The advisors tasked with improving our odds in the stock market are legally prohibited from making such promises, or projecting specific gains. 

And so for generations, their appeal has been viewed in roughly the same tentative way: probably a good idea.

Now, researchers have assigned some clear numbers to the opaque field. Their discovery? People feel more at ease about their finances and could end up with about 15% more money to spend in retirement as a direct result of working with a financial advisor. Additionally, 79% of people who do use a financial advisor report confidence in achieving their retirement goals.¹

Click Your State to Get Matched With Financial Advisors Near You

After you choose your state and answer a few questions about your financial situation you can compare up to three advisors local to you, and decide which to work with.

Investing involves risk and no situation is the same. This is in no way intended as a personal recommendation and investment decisions are solely those of the reader.

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© 2020 SmartAsset

SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAdvisor acts as an adviser for clients with respect to their introduction to and, if retained by the client, servicing by third-party investment managers, tax planning and legal professionals who are unaffiliated with SmartAdvisor.

We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.

Sources:
1. Northwestern Mutual study
2. Value of a Gamma-Efficient Portfolio (2017), Morningstar Investment Management.
3. The Return on Advice (2016), Envestnet, Capital Sigma.
4. Value of a Financial Advisor Study (2017), Russell Investments.
5. Advisor Value (2014), Voya Retirement Research Institute.
6. Journal of Retirement Study
7. Vanguard (2019), Putting a Value on Your Value

A recent Vanguard study found that, on average, a $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less. In other words, an advisor-managed portfolio would average 8% annualized growth over a 25-year period, compared to 5% from a self-managed portfolio.⁷

Assuming 5% annualized growth of $500k portfolio vs 8% annualized growth of advisor managed portfolio over 25 years. Source: Vanguard Research

IN THE PRESS:

The verdict is in: Americans will now flock to financial advisors in droves. Right?

If only the decision were that simple. Returns alone aren’t the only thing keeping Americans from enlisting professional help. Most have no idea where to begin or who to call. 

Such was the opportunity spotted by one eagle-eyed Princeton grad who recruited a team of talented developers to build a no-cost financial advisor matching tool.

The tool, hosted by SmartAsset.com, helps match everyday investors with up to three rigorously screened local fiduciary advisors poised to help.

The simple innovation is already making waves. Hundreds of thousands of future retirees have already used the intuitive platform, which was recently awarded a Webby Award for “Best User Experience.”

With $51 million in funding under its belt, SmartAsset is poised to bring some much-needed disruption to the world of individual investing. What Wall Street has in store for tomorrow is anyone’s guess. But two things are finally clear: financial advisors deliver, and finding one has never been easier.

Try Smart Asset’s Tool below for free. 

Helping people make smart financial decisions

Financial Advisors Deliver (And Are Finally Within Reach)