In a world where we’re constantly assessing value, especially in financial decisions, it’s easy to get stuck on numbers alone. Many of us naturally wonder, “How much will this save or gain me in dollars?” But when it comes to wealth services, real value goes beyond what you can measure in immediate financial terms. True value also includes long-term planning, guidance, and clarity around your financial life and goals.
The Benefits of Wealth Expertise
Research shows that people who work with wealth experts often accumulate more assets over time than those who go it alone. For instance, a 2017 report by the International Longevity Centre found that people who received financial advice accumulated significantly more wealth over time than those who didn’t—by as much as 17% among affluent individuals, and by 39% for those “just getting by.” Additionally, Vanguard estimates that a good advisor can add around 3% a year to a client’s portfolio, half of that value coming from ongoing behavioral coaching.
But these figures only scratch the surface. Managing investments is just one part of what a modern wealth services provider offers. True value in wealth services is about helping you shape your financial life with intention.
What Value Really Looks Like
At WealthFactor, we believe wealth services should go beyond managing portfolios. True value lies in supporting clients to:
- Identify Priorities
Helping you clarify what truly matters—whether it’s spending more time with loved ones, making a career shift, or supporting causes you care about.
- Build a Personalized Plan
Crafting a tailored plan that aligns with your values and maximizes your ability to reach your goals.
- Adapt to Life Changes
Adjusting your plan as life evolves, so you’re always prepared to navigate change without losing sight of your objectives.
- Stay Focused
Providing guidance to keep you on track and helping you manage the emotions and biases that can disrupt even the best-laid plans.
Wealth experts also ask the questions many people avoid—questions that uncover what’s truly important. Is work really fulfilling, or would you find more satisfaction with a different balance? Do you really want a larger home, or would redirecting resources to time with family or charitable giving bring more happiness? These questions can lead to transformative shifts in how you view and manage wealth.
Knowing How Much is Enough
An advisor can also help you determine how much wealth you actually need. There’s little point in taking extra risks or spending additional time on things you don’t enjoy if you already have the resources to live the life you want. Many people assume they should work until a certain age because it’s what’s expected. But if a personalized wealth plan reveals that you can retire comfortably sooner, why not pursue that?
Rethinking how you spend your time and choosing the right level of investment risk is easier when guided by someone who has helped others navigate similar decisions.
The Value of Your Time
Sure, you could create a financial plan or build your own portfolio. But how much of your time would that take? And is that time better spent doing something you love? Just like you might hire professionals to redecorate your home or repair your car, wealth services free up your time and provide confidence in your financial future.
Today, technology can handle much of this work—an evolution that benefits both clients and advisors. Modern wealth services harness technology to offer the expertise and guidance of traditional advisors, without the high costs or outdated approaches.
At WealthFactor, we’ve designed our platform to give you all the benefits of wealth expertise with the efficiency and simplicity that technology enables. It’s about offering the support you need, when you need it, so you can focus on living the life you want.
