Not going to comment on advisors. Some are worth it many are not. Senior guys had to appease management to inherit their accounts or come from rich families. Younger guys trying to prove themselves need to follow the company line if they are going to inherit any accounts. If you have a million or more in assets, advisors are almost free. Anyone who owns a mutual fund is in may ways paying an advisor simply by the institution that holds their funds.
What’s funny to me is that my wife always talks about a diet yet the only time she loses weight is when she goes to weight watchers. You set a goal and have to pay until you get there but once you get there you only get charged when you go over your goal weight. Now this seems pretty simple. My message is always why not simply do that at home. It’s free. Put a cookie jar in the kitchen and bank the money away. Human nature simply does not work that way for everyone.
So in some ways that money spent (wasted in some people’s opinion) helps keep her focused on the goal.
