The average account balance of retirement savers who report using an advisor was $449,552, almost twice as much as the $234,643 average of non-advised accounts. (Photo: Shutterstock)
There's no shortage of messaging from the retirement industry selling the value proposition of working with a financial advisor.
But does the rank-and-file 401(k) participant really need investment direction outside her employer's plan platform?
Maybe, maybe not. But a look at how savers who utilize self-directed brokerage accounts fare when working with an investment professional may provide fodder for advisors' value proposition.
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