We recently asked clients of SEBI registered fee-only advisors on our curated list and fee-only India to fill out a feedback form. Articles related to this survey: A fee-only Advisor’s Letter to his clients and Client Survey: The most important factor in choosing a fee-only advisor.One of the questions was: “What were your expectations before approaching the advisor? Choose as many as relevant.”The options and the percentage polled (totals responses: 967) are:I wanted to maximize my portfolio return (35.2%)I wanted to know if I can achieve my financial goals (72.1%)I wanted an easy-to-understand investment plan (60.6%)I wanted hand-holding or guidance every step of the way (32.1%)I only sought validation of my approach, after which I can continue to DIY (20.4%)I wanted to learn money management and was looking for a teacher (29%)I wanted transaction assistance (2.9%)Survey result – What were your expectations before approaching the advisorIt is a good sign that most clients want to know if they can achieve their financial goals and an easy-to-understand investment plan (to achieve them). It is fantastic that only 3% wanted transaction assistance. This means most clients are savvy enough to implement recommendations on their own. Even more important, most clients can function independently. This is the hallmark of advisors and clients associated with freefincal and fee-only India.About 30% want to be DIY investors, and about 20% are DIY investors looking for validation. Another 31% are non-DIY investors who want to be guided by an advisor.What is a bit worrying, however, is 35% of respondents want to maximize portfolio returns by working with an advisor. Is this possible? Can a fee-only advisor help you get better portfolio returns?Can a fee-only advisor help you achieve your goals? They can certainly put you on the right path and course correct as necessary when (if) you go for reviews. So if a better chance of achieving your financial goals is equivalent to a better portfolio return, then yes, you would be happy working with a fee-only advisor.You are barking up the wrong tree if you want a higher XIRR or annualised return just because you have paid a fee-only advisor. Some ask, “What is the point of paying an advisor?”The point of paying an advisor is to (1) declutter your current mindset about investing and your portfolio and (2) realign current (and future) investments to your goals. If you do not value that, stay away from these advisors.“Will these advisors guarantee results?”. Of course not! No professional would! The same argument goes for lawyers, doctors etc.“Can a fee-only advisor do better with my portfolio than if I DIYed?” If you are confident enough about your DIY skills to ask this question, you are better off DIYing.Do share this article with your friends using the buttons below. 🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users! Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ More than 1000 investors and advisors use this! New Tool! => Track your mutual funds and stocks investments with this Google Sheet!Follow Freefincal on Google NewsSubscribe to the freefincal Youtube Channel. Podcast: Let’s Get RICH With PATTU! Every single Indian CAN grow their wealth! Listen to the Let’s Get Rich with Pattu Podcast You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.Lets Get RICH With PATTU podcast on YouTubeDo you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincalHave a question? Subscribe to our newsletter with the form below.Hit ‘reply’ to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question. Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! Explore the site! Search among our 2000+ articles for information and insight!About The Author Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice. Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 3000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free! One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence. Our new course! Increase your income by getting people to pay for your skills! ⇐ More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos! Our new book for kids: “Chinchu gets a superpower!” is now available!Both boy and girl version covers of Chinchu gets a superpower. Most investor problems can be traced to a lack of informed decision-making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it and teach him several key ideas of decision-making and money management is the narrative. What readers say!Feedback from a young reader after reading Chinchu gets a Superpower!Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. – Arun. Buy the book: Chinchu gets a superpower for your child! How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only! Want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or you buy the new Tactical Buy/Sell timing tool! We publish monthly mutual fund screeners and momentum, low volatility stock screeners. About freefincal & it’s content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained) Connect with us on social media Our publicationsYou Can Be Rich Too with Goal-Based Investing Published by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.Your Ultimate Guide to Travel This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)
https://freefincal.com/can-a-fee-only-advisor-help-you-get-better-portfolio-returns/