Use this version. Email this to a friend. Clients of financial planners aren't immune to slumping markets. Equally important, financial planners help keep you from overreacting tothe markets' vicissitudes.
Many investors lose money by jumping in and outof the market, either from greed or fear.
A recent study by Phoenix InvestmentPartners Ltd. found that mutual fund investors lost 20 percent of theirpotential return by chasing performance. Financial planning clients aremore apt to stay for the long term, with the knowledge that although marketsgo up and down, their investments likely will do fine in the long run. But financial planners do much more than provide investment advice. Forone thing, they help you determine why you are investing in the first place. For example, there's the story of a medical professional who came to a certifiedfinancial planner because he wanted to earn a higher return on his portfolio.