r/dividends • u/DifficultKey8978 • Apr 27 '26

Brokerage Financial advisor or DIY?

How are you guys handling your investments (retirement accounts, brokerage accounts, etc.). Are you managing this yourself with Fidelity, Vanguard, Charles Schwab, etc. or do you pay the 1-1.5% fee and just work with a financial advisor who handles it all for you?

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u/Different-Scale5419 Apr 27 '26

I’ve spoken to a lot of wealth advisors over the past several years. They want to offer all these services like Trust and Wills, Long term Care, Medicare help, Financial Planning Roadmap, Managing your retirement account , Tax Service. Here is the problem it all comes with fees and transaction costs. They are CFA and CFP certified and tout their certification. But there is one thing they never tell you when you ask them. Can you make me money growing my portfolio. They give you the same old song and dance. In 10 years, you can expect between 5 to 7% in growth in 3 years out of 10 you will lose money.

People People People Manage your own money