episode: 90

How Much is Financial Advice Worth?

January 24, 2024

listen now

Financial Advice and Investment Success

Can you quantify the value of financial advice? How does an advisor enhance your investment returns? What role does behavioral coaching play in your financial success? Dive into these compelling questions in our latest episode of The Empowered Investor. Join us as we explore the intricate relationship between financial advice and investment success, featuring the insightful expertise of Emile Bouchard from Vanguard.

In this episode, we delve deep into Vanguard’s groundbreaking research on the value of financial advice. Emile Bouchard, a seasoned professional in the financial services industry, shares his insights on how Vanguard’s approach to evidence-based investing and low-cost strategies is reshaping the industry. We dissect the critical components contributing to the value added by financial advisors, including portfolio construction, behavioral coaching, and holistic wealth management.

Wrapping up, we reflect on the evolving landscape of financial advice in the age of AI and robo-advisors. Discover why the human element in financial planning remains irreplaceable, fostering trust, understanding, and customized strategies that align with your unique life events and goals.

Thank you for tuning in!

The Value of Financial Advice

Emile’s background and role at Vanguard (1:37)
Overview of Vanguard’s research on the value of advice (3:11)
Importance of asset allocation and portfolio construction (11:49)
Emphasis on low-cost investments and their benefits (17:38)
Holistic wealth management and its impact (22:09)
The critical role of behavioral coaching (25:07)
Discussion on AI, robo advisors, and the future of financial advice (34:55)

Mentioned in this Episode:

Thanks for Listening!

Meet your hosts

Keith Matthews

Partner & Portfolio Manager

Marcelo Taboada

Associate Portfolio Manager

Lawrence Greenberg

Associate Portfolio Manager

Thanks for Listening!

Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Dive Deeper: Related Episodes

Expert Strategies and Insights for Preparing to Sell your Business

Are you thinking about selling your business but unsure where to start? Wondering how to maximize its value and attract the right buyers? This episode offers invaluable insights to help you navigate the complex selling process and secure your financial future.

Essential Financial Strategies for Entrepreneurs

How can entrepreneurs effectively plan and accumulate wealth? Join us as we dive into key financial strategies for entrepreneurs, including optimizing tax savings, protecting assets, and setting up holding companies for legal and tax benefits.

Raising Money Smart Kids is the Wisest Investment

As parents, we all want to set our kids up for financial success. But how do you teach them about money in a way that sticks? We sit down with Robin Taub, CPA and author of “The Wisest Investment,” to get her expert advice on instilling money smarts from an early age.