The Vanguard Verdict: How Advisors Boost Returns by 3%
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 20 November 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
In today's episode, we discuss an eye-opening study from Vanguard, a
leader in the DIY investing space. In this report, they cover how partnering with a
financial advisor could potentially amplify your average annual return by a notable 3%.
(Hint…it's more than just "doing your investments.")
We'll break down the methodology behind this report and explore the nuances of the
value an advisor brings to the table.
To get on the same page, you can find the report here:
https://advisors.vanguard.com/insights/article/putting-a-value-on-your-value-quantifying-adv
isors-alpha
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.8 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.7 | I'm your host, Devin. |
| 0:14.8 | Join today by my co-host, John Ross. |
| 0:18.2 | Howdy. |
| 0:25.5 | Yeah. John Ross. Howdy. John, there is a value in having advisors on your team, and sometimes that value isn't really easy |
| 0:33.0 | to quantify. |
| 0:34.1 | So, for example, if I have a legal issue, right? |
| 0:39.2 | And I go to you to get help, I may not be able to point to a specific dollar value that that help was worth. |
| 0:46.4 | That's correct. And it's difficult sometimes to spend money when you can't quantify a direct |
| 0:53.2 | value. Right. Especially when you're, when there's so |
| 0:56.1 | many potential variables out there. You know, one thing I try to do a lot of times with, |
| 1:02.4 | particularly with the estate planning, is I will try to equate some value, some, some tangible |
| 1:07.9 | value out there. I might say, I might say, you know, for example, |
| 1:12.7 | our estimated average cost of completing a probate is, you know, between legal fees and |
| 1:21.2 | other costs is $5,000. Plus, it's a, you know, six-month delay from the time of death. |
| 1:29.4 | But if we do this probate avoidance technique, maybe using a trust or something, |
| 1:34.3 | and let's say that I charge, even let's just say that I charge $5,000 to set all of this up, right? |
| 1:40.2 | And I can say, well, within this trust, we've got all these other things where there's |
| 1:44.7 | going to be long-term care protections. We're planning for your beneficiaries and protecting the assets |
| 1:49.5 | from divorcing spouses and all of these other things. And even if you don't need all of that, |
... |
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