Successful advisors are tax-efficient, cost conscientious, disciplined in rebalancing portfolios and willing to serve as behavioral coaches to keep their clients from making mistakes.
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Tim Buckley, chief investment officer of low-cost fund provider Vanguard has identified common characteristics of successful advisors that, not surprisingly, include keeping costs for clients down. So reports the Business Insider.
Successful advisors are tax-efficient, cost conscientious, disciplined in rebalancing portfolios and willing to serve as behavioral coaches to keep their clients from making mistakes.