The Value of Financial PlanningSubmitted by Compass Wealth Management LLC on February 17th, 2016
I’m sometimes asked by prospective clients how they would benefit from working with a Financial Planner. Michael Kitces, a national expert on financial planning and the financial planning process (www.kitces.com), put together the following graphic to try to attach an economic value to financial advice. While some aspects are relatively easy to quantify (tax and investment planning), other benefits are more emotional than dollar-based. See for yourself here.