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Ask an Advisor: I Have a Good Grasp on Investing. Why Pay a Financial Advisor 1%?

SmartAsset
Summary
Nutrition label

78% Informative

Financial advisors tell CNN Money Q&A readers to consider whether it makes sense to work with a financial advisor.

The fee of 1% of assets under management could chip away at your investment returns.

Financial advisors say managing investments is (or should be) only a small part of what they do for their clients.

Clients may find that 1% fee worth it, depending on their situation.

SmartAsset ’s free tool matches you with up to three vetted financial advisors who serve your area.

Expert: Having an objective second opinion of your portfolio in terms of diversification, risk and tax management is important.

As you plan for income in retirement, keep an eye on Social Security .

VR Score

72

Informative language

65

Neutral language

59

Article tone

informal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

14

https://dr5dymrsxhdzh.cloudfront.net/blog/images/aaa2b030f/2022/12/real-estate-agent-holding-digital-tablet.jpg_s1024x1024wisk20cz3ArzrW1dO44nKh2bT70C2HEfjCxjny9c591d1x3bLU.jpghttps://smartasset.com/investing/direct-indexinghttps://smartasset.com/blog/advisor-resources/ask-an-advisor-why-should-i-pay-for-financial-advice/https://dr5dymrsxhdzh.cloudfront.net/blog/images/aaa2b030f/2022/12/male-real-estate-agent-handshaking-clients-after-successful-negotiations-in-office.jpg_s1024x1024wisk20ckyhBeEhZnqmmtUxAXhqwzg-MdQ2aByjlyOYwUTVVQkk.jpghttps://smartasset.com/financial-advisor/assets-under-management-aumhttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevant&utm_content=askanadvisoradvisorfeeshttps://smartasset.com/financial-advisor/holistic-financial-planninghttps://smartasset.com/bloghttps://smartasset.com/retirement/social-security-calculatorhttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantbold&utm_content=askanadvisoradvisorfees&utm_term=rphttp://smartasset.com/retirement/financial-advisor?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantmiddle&utm_content=askanadvisoradvisorfees&utm_term=rphttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantbottom&utm_content=askanadvisoradvisorfees&utm_term=rphttps://smartasset.com/data-studies/tax-loss-harvesting-studyhttps://smartasset.com/financial-advisor/certified-public-accountant-cpa

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