Originally Posted by
Excargodog
Spend an hour a night reading decent financial books for a few weeks in your hotel room and you can handle it yourself far better than the vast majority of investment firms. Hiring an investment advisor means that the investment return you would otherwise be getting is going to be decreased on the average by between 20 and 25% of what you would have otherwise made if you had just put it all in an index 500 fund at Vanguard and just let it ride.
That works well during your younger years while accumulating. A basic asset allocation model, fill it with index funds/ETFs. Done.
However it starts getting more complicated as retirement nears. Mitigating sequence of returns risk and longevity risk are not simple things for an individual retail investor to manage.