Do you need a financial adviser?
The tasks of creating and managing a liquid portfolio of securities have become much less complex with the advent of exchange traded funds
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NO, you probably don’t (need a financial adviser).
Last week I conducted a training session for our team, teaching them how to create a personalised plan for themselves and invest for their retirement portfolio. I emphasised the primary concepts of creating a portfolio, regular savings, and dollar cost averaging, using simplified examples from our business of managing money for high-net-worth individuals with more complex situations. The experience taught me that the majority of people do not need a financial adviser once they have a good financial plan.
In the past investing was the purview of stockbrokers and bankers, who have recently moved away from transactional business towards fee-based asset management models.
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