Business

Is a Financial Advisor Worth the Cost?

It's hard to put your finger on the exact value of having a financial advisor. Morningstar recently attempted to quantify the benefit of hiring one, noting that investors who sought professional help gained an increase of 1.82% of retirement income per year. But with a wide array of business models, fee structures and certifications, it would be wrong to blindly apply that number to the entire financial services industry.

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