From Yahoo Finance: 2025-04-27 08:30:00

Financial advisors typically charge a fee of 1% or more, but the value they provide extends beyond investment returns. Advisors help construct portfolios aligned with your goals and risk tolerance. Even professionals struggle to consistently beat the market. Evaluating advisors involves factors like communication, trust, and comprehensive financial planning. A good advisor can potentially increase net returns by up to 3% per year through behavioral coaching and long-term strategies. These services go beyond short-term investment returns and are essential for reaching financial goals.

Read more: Is a 1% Fee Fair If I Feel Like I’m Losing 25% of My Return?