Financial advisors connected to large institutions (low/no fee but push you to buy products or move assets) or independent advisors with higher fees but are fiduciary & work for you. Which is better?

Posting as :
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You are currently posting as works at

Option C: Do it yourself

likefunny

It’s 5-10 hours of learning to do 90% of investing, and maybe 10-20 hours to learn the more advanced tax strategies that they often don’t share anyway.

My 2 cents is that you should get a maid and use the time saving to learn investing. Don’t outsource the management of what you spend your lifetime working to accumulate

like

Fee-only advisor who has a fiduciary responsibility to have your best interests in mind (rather than their own commission).

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Helpful. Thank you!

like

If you use an advisor then use a Fiduciary every day of the week and twice on Sunday. Advisors that push product are the worst!

like

You’re right. Option 1. Pay less fees and ignore any pressure to buy products you don’t need.

Have you done this and if so do you get any useful advice? You would think if he was getting paid to push insurance/certain investments that he wouldn't be giving you much of his time or any substantial guidance if you are brushing off the ideas that make him money and you would both just be wasting your time.

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