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[quote=Anonymous][quote=Anonymous]I agree with others than you should not expect a FA to beat the market, especially after paying those fees.  The best rationale for paying is, as PP noted, that you might do something even more stupid without him (e.g. move entirely out of stocks in the middle of a downturn).

However, 1.25% is a lot if you think of it in terms of the % of your gains (maybe 20% on average?). Kepp paying that and your total investments over 20-30 years will be reduced by 20-30%.  If you have a strategy then you should be able to execute it on your own.

Also note Vanguard has CFPs (who I think have a fiduciary duty to help you, and not Vanguard) available-- either for .3% of a portfolio or a one-time time fee for a plan of about $250 (which may be waived if you move a lot of money to them).  [/quote]

OP here.  Totally agree.  I told DH that in the last 10 yrs we've probably paid him $60K?  that's  a nice chunk gone from our retirement.  
One of our big clients just jumped ship and went with Vanguard because of their on-staff CFP.  [/quote]

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