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Your savings and investments can grow at an impressive rate when they’re handled correctly. But not everyone has the same success at managing a portfolio. If you’re handling personal financial planning yourself, it’s worth turning that task over to a financial advisor who can get you a better return on investments and guide you toward more success. Here’s a closer look at some advantages.

Returns Outweigh Costs

Personal Financial PlanningAccording to a long-term study by major investment company Vanguard, a personal financial planning consultant following the best practices with your investment can increase the returns by about 3%. Russell Investments has pegged the value of a financial advisor at just over 4%. When you consider that the usual cost of hiring a financial advisor is about 0.5% to 1% of the value of your portfolio, this creates a tidy profit.

One Less Task

At the same time that a financial planner makes you money, they also make your life easier. Managing a portfolio is a significant amount of work, especially if it’s not your area of expertise. The stress can lead to bad decisions which cost you money, so having someone else manage your money is one of the best ways to avoid a disaster.

If you manage your own investment portfolio, the time to hand it over to a professional has come. A certified financial planning consultant can relieve the stress of handling your investments while also getting you a better return. Contact a local financing firm today to get an expert on your case.

 

Wilson, Rea, Beckel & Associates CPAs LLC is Pagosa Springs, CO’s most trusted accounting firm. Whether you need personal financial planning or bookkeeping and tax preparation for your small business, they’ll complete the job with skill, professionalism, and meticulous attention to legal requirements. To get started, contact them at (970) 731-1040 or learn more about their services online.

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