I have had a financial advisor for a while now. (Did and does handle my dad as well.)

Costs a bit of money but he probably does some things with his brokerage's computers that I don't have easy access to and, with one exception, I've consolidated a number of accounts to him--a couple of which I barely looked at. He's also good as a sounding board. I'll sometimes push back if I have a slightly different view of risk/return for some things but I mostly take his advice both for managed accounts and one I directly control at a different brokerage.

▲

thunky 14 hours ago | parent [-]

With respect, you're likely being taken advantage of.

Your advisor doesn't have any fancy computer with more info than you have. You're paying for an illusion and it's not cheap:

A 1% annual fee reduces your wealth by 20-25% over a 30 year period.

At least do yourself a favor and check to see what your total return is with him vs simple index funds.

If you need a professional sounding board you can pay by the hour.

	▲	ghaff 14 hours ago \| parent [-]
		It's complicated. It's tied in with various family stuff and the reality is that I had accounts I just wasn't managing. Could I make a change someday? Maybe. But this works for my position today and I have a significant brokerage account that I manage personally today which includes index funds but also has a lot of bonds and money market at this point as I'm mostly retired.