#132 - Why the value in financial advisory services can't actually be measured

Retirement Planning Education, with Andy Panko

Andy Panko

Annuities, Taxes, Ira, Retirement Planning, Social Security, Roth Ira, 401k, Pension, Investing, Financial Planning, Roth Conversion, Tax Planning, Education

2.4 • 671 Ratings

🗓️ 2 January 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy explains how there is definitely value in good financial advisory services, but how it's impossible to quantify that value and is often disingenuous for advisors to claim they can, or for studies to try to put a number on it Links in this episode: Vanguard's research paper - Putting a value on your value: Quantifying Vanguard Advisor's AlphaMy article - How Much are Your Services Worth?My article - Advisors Fees are Broken Tenon Financial monthly e-newsletter - Retirement Planning Insi...

Transcript

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0:00.0	Let's talk about the value of financial advisory services and why it's impossible to put a figure
0:04.9	on what the value is in this, the 132nd episode of the Retirement Planning Education Podcast.
0:14.2	Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and
0:19.3	Roth IRAs, employer retirement plans, taxes, social
0:22.9	security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.
0:28.9	And now here's your host, Andy Panko.
0:32.0	Hello, everybody. Happy 2025. Happy New Year. We have a fresh year of the retirement planning education podcast.
0:40.1	We are starting it off with me having a really bad cold.
0:44.3	I feel like absolute garbaged right now.
0:47.0	It is midday, December 31st, New Year's Eve as I am recording this.
0:51.7	It is later than I normally do.
0:53.6	I'm recording this only two days before the episode comes out, a day and a half technically. Shame on me, but busy with end of year and finally got my day job duties all wrapped up and have a pretty serious cold. So I've been feeling like junk the last few days. And anyway, I just realized, man, I got to get this done to get it out on time for Thursday,
1:14.2	January 2nd.
1:16.3	Anyway, so if I sound like junk, you know why.
1:19.6	I feel like junk for what it's worth.
1:21.3	But anyway, I hope you are all having a great new year so far.
1:26.4	And we are going to continue on with the format of the
1:30.2	podcast in 2025, same as we did last year, where the first Thursday of the month is going to be me,
1:37.4	just me, talking about some particular topic in depth. The second Thursday will be me having on a fellow retirement focused planner to talk
1:47.7	about, talk with them about their process, thoughts, views, et cetera, about things. The third
1:54.4	Thursday of the month, that episode will be me having on a quote-unquote real person to have them
2:00.5	talk about their
	...

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