The only real scenario when I can
see professional financial advice being practical is a situation when someone receives a windfall, and hasn't had to invest large sums of money before.
Not exact matches
For investment
advice,
see your own
financial professional.
Retirement plan participants who chose target - date funds or other
professional help in the form of managed funds or online
advice saw 3.32 % better annual returns than those who picked their own investments, according to a study of 723,000 workers by investment adviser
Financial Engines and consulting firm Aon Hewitt.
In this last recession we have
seen an unprecedented number of
professional partnerships find themselves in
financial difficulties and have to seek
professional advice on their solvency and long term survival, on occasions at the insistence of their bank.
(For related reading,
see: 6 Life Events That Call for
Professional Financial Advice.)
The information should not be
seen as
financial advice and you should consult with a licensed mortgage
professional, prior to taking any action.