The more money that flows into index funds the more potential profit can be made by active managers. Vanguard themselves have research validating active manage

The more money that flows into index funds the more potential profit can be made by active managers. Vanguard themselves have research validating active managers. I'm not going to give you free advice (no two clients ever have the exact circumstances or requirements) but, as a financial adviser who has carefully weighed up the passive vs active approach for years, we advise our clients to invest in risk-targeted multi-manager multi-asset funds that we ourselves have done Due Diligence on which includes visiting their offices, talking to their management team and analysing their track record (all on a regular basis). I consider this best practice but I know of no other financial advisers that do this. I do recognise that this is most likely beyond what most private investors are capable of as we have millions worth of client money under advice which gets us in the door. I do think this, and our unique approach to delivering holistic financial advice is a core part of our unique selling proposition so there does come a point where it would be better to focus on your own way of making money and let an adviser focus on wealth preservation, tax optimisation and helping you create the life you want. As for the article, clients need to be responsible and look for chartered advisers who have advanced qualifications. In the UK this would be a FCA recognised Level 6 qualification and Chartered membership of the CII or CISI. In the United States, the Certified Financial Planner (CFP) is broadly comparable to Chartered status in the UK. Of course you could still get a bad adviser but the chances that someone who paid for, and studied for years, to gain Chartered status would throw their career away by not acting in a client's best interest would be extremely low.