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A Hierarchy of Advisor Value

As a reminder, fiduciary advisors are legally sworn and obligated to put clients' interests first. Bob Seawright, Chief Investment & Information Officer for Madison Avenue Securities, shows the long-term value of a fiduciary advisor in the graphic above. He explains that financial advisors can make the greatest impact by taking care of a client's foundational priorities first. Many advisors and their clients wrongly think that the advisor’s primary function is to pick good investment choices. But, advisor priorities begin with recognizing what is important and what is achievable. 

Over 60 percent of Americans have less than $1,000 in a savings account, and nearly 30 percent lack an emergency fund. The rate of saving is far more important than the return in picking investment choices that will pay off in the future. Without a strong foundation of consistent and increased savings, an investment portfolio does not make the least bit of sense for the client.