A comprehensive study by the London-based International Longevity Centre found that receivers of financial advice fared substantially better than the unadvised. This podcast (4:37) suggests that the public has a lot of clarity about the cost of advice, but is deficient in its knowledge of the value of advice, something for which comprehensive U.S. research is needed, but also something that advisors can do a better job of communicating. Learn more about your ad choices. Visit megaphone.fm/adchoices