The true value of financial advice

The last two years has been a challenging environment for investors and financial advisers, but despite these ongoing challenges and pressures, statistics in 2022 show 87% of Kiwi’s are satisfied with their advisers’ services and the value of advisers is approximately 4.3%, clearly showing the total value of services is substantially higher than any typical advice fee.

In the last two years as the market transitioned from growth to value, the need for advice and reassurance is greater than ever despite people reassessing aspects of their lives especially after things like the ‘Big Quit’ that resulted in sustained migration out of cities to regional communities and the implementation of longer term work from home or hybrid working arrangements.

Along with rising interest rates and general cost of living, more people have been taking the time out to take stock of what their new ‘normal’ will be.

Through the ups and down, Russell Investments believes financial advisers provide valuable assistance, helping clients through those transitions, reviewing their evolving goals, needs and circumstances, in person and now, virtually.