Financial Advisors Are Moving Away From Transactions and Towards Holistic Wealth Management

Financial adviser is moving away from transactions and towards holistic wealth management. A number of studies point to about three to four % annual benefit to the end client, net of fees. If you look at a 20 year compounded return, that's over 75% more wealth for having these assets managed. How could that be? Because it's not like advises, or like trading and adding alpha that way. It's got to be just putting the money to work in a better acid alocation.