At last a study that has quantified the true value of financial advice. 

We've 'known' for a long time that we add significant value over time but it's very difficult to compare to someone who doesn't work with us.

This study characterises people as 'affluent' or 'just getting by'. 

In both groups the benefit of advice was significant in both liquid financial assets (savings and investments) as well pensions compared to people who didn't use an adviser.