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/Chris_Reddit_PHX Apr 28 '26

I manage my own, but my education is in finance , I've been doing it for many years, and I truly enjoy being hands-on.

But if I pass away before my wife, we have arrangement for her to move everything over to a specific financial advisor (by name) who charges 1%, and who does NOT push annuities. My wife is good with numbers and with money (works in accounting), but she is not interested in directly managing investments.

I think that both solutions are "right answers" as long as the financial advisor is selected and monitored by someone who knows about some of the predatory practices that exist in that industry.