Average Australian A$560,000 richer with advice

Pedro Gonçalves
Average Australian A$560,000 richer with advice

The average Australian receiving advice could be A$559,000 richer over a lifetime as a result of their adviser's work, according to the new Value of an Adviser report by Russell Investments. The study found that quality financial advice in 2019 contributed, at a minimum, 4.4% per annum of value to clients' portfolios. "This report reinforces the value of advisers, which goes beyond investment-only advice and is derived from both the technical and emotional guidance they provide. For thi...

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