Why Financial Advice Can Be Good for More Than Just Your Finances

When people think about financial advice, they often picture investment strategies or superannuation planning. But new research from the US has shown there’s more to it than just the numbers—good advice can actually ease financial stress and save you time.

A recent report by Vanguard, The Emotional and Time Value of Advice, found that advisers play a much bigger role than simply managing money. They often act as a sounding board, helping clients feel more in control and less overwhelmed.

In a survey of over 12,000 investors, those who received advice in person reported the strongest benefits—71% said they felt a greater sense of calm and confidence about their finances. In comparison, less than half of those who relied solely on digital tools felt the same. And clients who tried to manage everything themselves reported the highest levels of financial stress.

Time savings were also a big part of the picture. Clients who received advice spent about 30 minutes less each week managing their finances than those who didn’t. Three-quarters of advised clients said it saved them time, and that number jumped to 86% when they worked with someone face-to-face.

Put another way, getting quality advice doesn’t just help you build wealth—it can also give you back your time and headspace. Vanguard estimates that this adds up to nearly two hours of reduced distraction each week, which could translate into thousands of dollars in productivity gains each year.

Interestingly, only 38% of people initially sought advice to save time—but after working with an adviser, 76% said that’s exactly what they got.

At the end of the day, peace of mind and time back in your week are just as valuable as the financial gains. It’s a reminder that good advice isn’t just about what’s in your portfolio—it’s also about how you feel.