Discarding your financial advisor today may cost you dearly in the future
With new technology in the form of “robo-advisors” making its way to South Africa, investor empowerment on the increase, alongside the popularity of index funds instead of active strategies, many investors are wondering whether there is still a need for a traditional financial advisor.
While it may be tempting to save a few rands by doing away with financial advice, it may cost investors dearly in the long run, says Martin Wagenaar, wealth management consultant at leading financial advisory business GTC.