Is hiring an advisor 'worth it'?

A key consideration: How many parts of your financial life can the advisor impact for the better?

Christine Benz 6 September, 2019 | 2:22AM

Man giving advice

"Can advisors add enough value to justify their fees?"

That was the provocative question posed by a reader recently in an email. He noted that most of his friends with financial advisors seemed to be satisfied with their experiences. But he considers himself a sophisticated individual investor; would an advisor add enough to his bottom line to offset the fees?

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About Author

Christine Benz

Christine Benz  Christine Benz is Morningstar's director of personal finance and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide to Mutual Funds: 5-Star Strategies for Success. Follow Christine on Twitter: @christine_benz.