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[quote=Anonymous][quote=Anonymous]most anti financial advisor people on here probably think they are smarter than they are.

"Markets are going to crash this year."

"We are due for the big one."

"Biden or Trump will end the world."

They probably sell and buy at the worst times. A FAs job is not to try and get you on the cover of Forbes, it's too prevent YOU from making stupid mistakes. That cost is intangible and not necessarily quantifiable.

We happily pay our advisor because they keep up from being emotional with money. The $25k we pay them is a lot but I don't know how I would have reacted without them. For all I care, my assets are at all time highs. Win win.

A good advisor will admit this and provide a ton of other value add service offerings. A bad advisor tries to sell their "outperformance"[/quote]

I would never use an AUM financial advisor.  But I am also comfortable with finances and am not an investor who panics and deviates from the long-term plan.

A good AUM advisor is useful for those who are not knowledgeable or comfortable with financial matters or for those who are but are also as you put it "emotional with money." For those who are knowledgeable, comfortable, unemotional and enjoy putting in some time and effort, outsourcing financial management is not money well spent.  [/quote]

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