Most investors still can't go it alone, no matter how confident they may feel.

They need the help of advisors, according to Vanguard's [profile] new research report, MarketWatch's Joe Hearn wrote, — and though advisors may not have the power to beat the market, they do have the ability stop investors from losing wealth.

If investing were a gym, advisors would be a personal trainer who didn't necessarily help you build more muscle than Paul, but at least made certain that you didn't regain 10 pounds:

Vanguard suggests that an advisor may be able to help narrow the gap if they can help clients overcome these negative behaviors: "Advisors, as behavioral coaches, can act as emotional circuit breakers in bull or bear markets by circumventing their clients' tendencies to chase returns or run for cover in emotionally charged markets."

But advisors don't just curb Johnny or Susie's bad behavior. Advisors also emphasize the right asset allocation, which investors tend to neglect on their own.

To read more, click here.  

Edited by: Casey Quinlan


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