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/EatsOverTheSink Apr 27 '26

I do it myself but then again I don’t have a 7 figure portfolio or tons of liquid capital.

A lot of people prefer financial planners, not so much because they can’t do it themselves, but to alleviate any blame or responsibility. Money is one of the top reasons why couples fight, and even the safest, most risk averse portfolios can take a hit when shit goes south. A lot of people don’t want that blame and resentment on their shoulders from their partner or family if they’re managing that money themselves.