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Reply to "Talk to me about why we should or should not use a financial advisor"
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[quote=Anonymous]PP who uses an advisor here. I checked our allocation. It's about 40% in Vanguard funds, spread across 8 different funds. Then 30-40% in a variety of DFA funds, and the rest in smaller funds. I think if the goal is solely returns and you need no other financial advice like tax strategies, trusts, estate planning, retirement, etc.. then you can just do it on your own. If you have a more complex situation, it's helpful to have a person or firm who has the expertise to understand all of it and look at it holistically. An analogy may be if you want to remodel your kitchen. If you just want new appliances, it's going to be cheaper to go to Bray and Scarff and buy it and have them install it, than to hire a general contractor who will probably do the same thing. However, if you also need tile work, electrical work, and new cabinets, now the general contractor is going to be a big benefit as they will coordinate that work and look at the whole-kitchen view. [/quote]
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