Summary: In this episode of Wealth on the Move, host Will Hoffman and director of financial planning Niko Rosso discuss the value that financial advisors bring to their clients, referencing a significant study by Vanguard. They explore various aspects of financial planning, including investment selection, asset location, tax efficiency, and the importance of behavioral coaching. The conversation emphasizes the evolving role of independent financial advisors in a changing financial landscape, highlighting the need for financial literacy and proactive planning.

Resources:

• Download the Vanguard Study HERE!

Takeaways:

• Vanguard’s study highlights the value of financial advisors.
• Investment selection can add significant alpha to portfolios.
• Behavioral coaching is crucial for client success.
• Understanding asset location can enhance tax efficiency.
• Tax loss harvesting can provide financial benefits.
• Budgeting is essential for financial discipline.
• Independent financial advisors are shaping the future of wealth management.
• Financial literacy is vital for effective money management.
• Proactive planning can mitigate financial risks.
• The evolving landscape of financial advising requires adaptability.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

Connect with Niko Rosso:

• Hoffman Wealth Management
• (724) 522-5411
• dominic@hoffmanwealth.com
• LinkedIn: Dominic Rosso