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Is it a thing to pay a financial advisor to review your current advisors plan to make sure you couldn't be doing better/more with your money?
For background, we have used the same person for 15 years. We started with her when we had a couple thousand saved to now, where we have a few million. Since we don't know what we don't know, we're wondering if there's more that we could be doing and we're in our mid-50's now so retirement is getting closer. |
| We use a financial advisor who simply charges by the hour for advice. You could find a person like that. Most likely the growth in your investments has to do with the stock market and not any magical advice provided by an expensive advisor. |
| Of course you can. What kind of question is this? You have a financial advisor but don’t know what a financial advisor does? |
| This is actually a simple question. Look at your performance, did you beat SPY or not? Look over 1, 3, 5 years. If not, is there a reason, like you wanted a conservative bent bond like investments ? Then look at what you paid for that performance, 1-1.5% ? |