Why Do Financial Advisors Still Exist?

Most financial advisors can't outperform a low-cost ETF portfolio that costs a fraction of a percentage point to own. In many ways, index funds have effectively "solved" investing. Yet many people continue to delegate their investment management and financial decision-making to financial advisors.

References: https://zbib.org/69da8ac719614415ba4dc58e41e86dc3
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