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[quote=Anonymous][quote=Anonymous]DH and I are not investors/people will deep knowledge of investments and stocks.  We are both lawyers. Our HHI is around 450K a year.  As of right now, we've been doing all the right things in terms of maxing retirement, completely paid off our student loans (law school and undergrad), are putting money towards a 529 for our daughter, etc.  We aren't frugal by any means, but have a modest savings built up (around 150K and growing approx. 4-5K a month).  Our major expenses are a large mortgage, we both lease fancy cars (yeah, yeah I know but you gotta have some weaknesses right?), and we take 3 x one week vacations a year, either abroad or to a nice beach vacation spot domestically, with some weekends away sprinkled in - probably 20K total worth of travel. We don't live in DC anymore, but we live in a city with a high cost of living that requires driving (hence the two cars).

We recently met with a financial advisor from a large bank.  We are waiting to hear back from him on "details" of his plan for us but I am sort of hesitant about actually using him.  [b]What, exactly, can he provide to us that we can't just gain from investing in a low-fee Vanguard account? [/b]Am I missing some sort of huge benefit to having a financial advisor? And if so, should it be someone tied to a large bank?

Thanks, in advance, for any insight.  [/quote]

Nothing. You are not missing anything. Vanguard is the best one too. How old are you? You should be doing IRA's too. If you don't have any yet, you can do "backdoor Roths." At your income level, I would try to save closer to $100k/year but overall I think you are doing ok. Just beef up the savings a bit. [/quote]

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