The Value of Advice - Cost Control
One of the most important factors in whether or not you achieve your investment goals is the amount you pay.
That’s why another key role of an adviser is to keep a very tight control of your costs.
Research has repeatedly shown that low-cost funds outperform higher-cost alternatives.
What matters is your net return — in other words, the returns you actually keep for yourself.
It’s simple arithmetic. Net return equals gross return minus costs.
So, every Euro you pay in costs is a Euro taken off your potential returns.
And because costs compound over time, an adviser who keeps those costs to a minimum will help you to reap considerable rewards over the long term.
Beware, the investing industry is very clever at hiding costs from investors.
Few people have the time and patience to compare the various fees and charges; even fewer actually read the small print.
An adviser with a trained eye will ensure you don’t pay any more than you have to.