5 hard to quantify ways a good advisor earns their fees
- Mario Zumbo
- Jul 25, 2024
- 1 min read
Keeps you from making poor financial decisions (selling out of investments during inopportune times, being too conservative or too aggressive, “loaning” money to the family member that will never get repaid, investing in the hot stock tip, angel investment or latest fad that is a “sure thing”).
Helps you navigate through difficult times with the right amount of efficiency, objectivity and empathy (death, divorce, illness, career / business transitions).
Brings their network of other specialists to the table (lawyers, CPAs, M&A professionals, insurance specialists, lenders, etc.) and helps be the glue between the different experts.
Acts as your “steady hand” that provides a sense of calm and reduces overall stress.
Provides a roadmap to help you achieve your personal and financial goals. Then educates, guides and coaches you to collectively make the best possible decision each step of the way.
Proper management of investments is an extremely important piece of the puzzle. We take great pride in our ability to be good stewards of our clients’ capital, but the value of a good advisor goes far beyond “how did my account perform this quarter?”
Each client situation is different, but the 5 items above combined with sound money management compounded over years or decades can equate to thousands, millions and even tens of millions of savings or increased net worth.