The Big Picture

Source: Investments Illustrated Inc. 

Measuring the Value of Advice

How can you measure the value of advice?

It’s one of the harder things in life to put a dollar figure on. Most of us seek it in one form or another before making any important decisions. So why wouldn’t you consult an advisor before planning retirement, saving for your children’s education or making major purchases?

Some claim they can do it on their own, though rarely take into account the value of their own time. An advisor’s job is to know the industry and the products inside out, and how to strategically use these products in a custom tailored plan unique to every client.

In addition to retirement planning, your advisor will take under consideration tax strategies, insurance needs and risk management to form a plan that reflects your personal goals and ambitions. They will offer ongoing advice and hold periodic plan reviews at your convenience to ensure that you remain on course.

While you cannot foresee every hiccup in the road, you can certainly be prepared. Rest easier knowing your advisor will be with you every step of the way.

Each coloured block represents an asset class (ie. U.S Bonds, Foreign Equities).  As you can see, it's very hard to determine which asset class will perform the best in any given year. Diversification allows for investors to enjoy a peace of mind while taking advantage of the best performers.