Do financial planners get better results?




“A new report from Charles Schwab shows that U.S. investors with self-directed brokerage accounts (SDBAs) who work with advisors see greater portfolio diversity and higher returns than their non-advised counterparts,” wrote Audrey Carleton for The Globe and Mail on December 10, 2018.

Carleton continued, “The SBDA Indicators report, published Nov. 27, sampled 137,000 retirement plan participants who currently have balances between $5,000 and $10-million in their Schwab Personal Choice Retirement Account in the third quarter of 2018.

According to the report, only 19 per cent of SDBA participants chose to use an advisor. But this small percentage saw far better results than non-advised participants. The former category showed an average balance of $449,552 – almost double the average balance of non-advised accounts, which came in at $234,643.”

Read the full article here. 


Post a Comment


Subscribe to: Post Comments (RSS2)