02.24.23
New Vanguard Tools Promote Importance of Financial Coaching
by: Edward Hayes
The Vanguard Group will be releasing new research that offers practical guidance to help advisors coach their clients through the coming tumultuous economy. The tools are part of the firm’s ongoing effort to promote the value an advisor provides beyond just managing a portfolio. “Advisors add value or alpha beyond just doing the portfolio,” said Colleen Jaconetti, senior manager in Vanguard’s Investment Advisory Research Board in Financial Advisor Services. “The portfolio is important … with financial planning and health coaching advisors can add more reliable and predictable value then maybe trying to outperform the market with security selection.”
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