Studies by Morningstar and Vanguard show financial advisors who provide comprehensive financial planning can add significant value beyond market performance. While the findings are hypothetical and are not actual investment results, both sets of research illustrate the value of holistic planning.

Holistic planning incorporates behavioral coaching, appropriate asset allocation, tax-efficient and low-cost investing, portfolio rebalancing, and customized withdrawal plans to improve long-term outcomes. Research shows that investors who follow a holistic plan can earn an additional 1.5% to 3% annually. Compounded over time, this can be a real “needle-mover” in terms of reaching your goals.