The value of advice: Improving portfolio diversification
28 April 2020 | Practice Management
Improved portfolio allocations can be achieved with help from a professional adviser, Vanguard researchers have found. A lack of financial literacy, combined with cognitive or behavioural biases can all too often lead to inappropriate allocations. After adopting professional advice, previously self-directed investors significantly reduced equity risk, home bias and an over-exposure to cash within their portfolios.