Experts Still Need Advisers and Here's Why
Jul 3, 2025

Most people assume that financial advisers are primarily hired by those who find managing money difficult or confusing. But here's an interesting truth: even financial experts regularly turn to professional advisers.
Recently, financial author Carl Richards shared a story highlighting why this happens, and it perfectly illustrates our philosophy at Rasiah Private Wealth Management.
Even Experts Have Blind Spots
Carl shared a conversation he had with his friend Dave, a retired investment banker who had spent decades successfully managing money. If anyone could handle his own investments, it was Dave. Yet he was working with a financial adviser.
Curious, Carl asked Dave why he didn't manage his own portfolio. Dave’s reply was simple but profound:
"Carl, I could manage my own money—except for the ‘I’ part."
What Dave meant was that when it comes to his own money, personal emotions and biases could cloud his judgment. Despite his extensive financial expertise, Dave recognised he had blind spots. An adviser provided the necessary outside perspective to see clearly and objectively.
Why You Can’t Always See Clearly
No matter how knowledgeable you are, emotions and personal connections can influence financial decisions. These blind spots often lead to costly mistakes—mistakes that could easily be avoided with the right guidance.
An adviser isn't smarter than you. Their value lies in being someone who isn't emotionally attached to your decisions. Because they're objective, advisers can identify risks, opportunities, and strategies you might otherwise miss.
Think of it like driving a car: even the best drivers rely on mirrors and safety features to spot dangers they can't see alone.
The True Value of Advice
Professional financial advice isn’t simply about picking investments or beating the market. It's about offering clarity, confidence, and guidance so your financial choices always align with your life's goals.
At Rasiah Private Wealth Management, we believe that every investor—no matter how experienced or knowledgeable—benefits from an objective and thoughtful perspective.
Seeking advice isn't a sign of weakness; it’s a sign of wisdom and maturity.
We’re Here to Help
If you'd like help identifying your blind spots, achieving clarity, and ensuring your finances align with your life goals and values, we're always here for you.
After all, even experts understand the value of a second opinion.