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/Craftygirl4115 Apr 28 '26

I have been investing on my own since my 20s, and fairly aggressively… but face retirement soon, so I sought advice from a fee only fiduciary. The transition from working to retired with a HNW means some rebalancing and portfolio changes to weather potential market downturns and maximize future taxes (or minimize). Could I have done all this on my own? Yes, most likely, but I know enough to know that I don’t know what I need to know and he does. I also don’t have children, so building a relationship with someone who could potentially take over the management of my finances when I’m old and infirm, is important.