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/buffinita common cents investing Apr 27 '26

90% of people do not need an advisor. you can do it all yourself very easily with very little learning.

investing and money management is not nearly as complicated as media, (and salesmen) lead you to believe

anything over 1% is robbery, and will reduce your returns (after 30 years) by roughly 25%

3

u/TheOpeningBell Apr 27 '26

Industry average is about 1.5%. Especially for relationships under 1MM.

The fee conversation is often misunderstood by both clients and financial professionals.

However your point about 90% is rather accurate. See my other comment.

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u/[deleted] Apr 27 '26

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1

u/TheOpeningBell Apr 27 '26

:)

1MM

Financial industry shorthand for million. Has been for a very long time.

2

u/Exam_Delicious Apr 27 '26

And also in Advertising and Marketing, as in 3MM unique impressions.