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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think most people have the intelligence and common sense to manage their own money.  It's just that they may not have the discipline or will power to keep to a goal/strategy, that's where a financial advisor may be worth the fee.[/quote]

While this may be true, I'm the person who wrote the longer post above and that's not why I have a financial advisor. It's for the same reason I have a cleaning person - to save time. Yes, I could do my own research and choose my own investments, but I prefer to spend my time with my family and have a professional do it. I don't actually have any issues with discipline/will power as far as finances (eating cookies, that's another story). [/quote]

Same here. We have a financial advisor, even though we understand finance well. Before we had one, "rebalance portfolio" and "do tax loss harvesting" ended up about #100 on the to-do list = it never got done. Now that we have someone doing it, that's worth it in better returns compared to our previous strategy of doing nothing because there was no time.

Also we use them for advice on retirement, estate planning, tax minimization strategies, and the best way for grandparents to give $$ to our kids for education.

Once we retire, I would consider dropping them as you have fewer life changes (kids going to college, etc.) taking place, and more time to actively manage your investments.[/quote]

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