FINANCIAL INDEPENDENCE
Should I get a financial adviser?
Hey folks, I’ve saved up $100K and plan to invest an extra $20-30K each year. I’m thinking about going with a low-fee index ETF because it seems like the most straightforward path. But with this much money on the line, I’m wondering if I should get a financial adviser. Every article I read tells me to speak to a financial adviser before investing big money, and I want to do my due diligence. It's just that the ones I’ve looked at are charging $3-5k, which seems a bit much to me. Would you get professional advice for this, or just handle it myself? What’s your take? Thanks in advance.
Lucas Garcia.
25 March 2025
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Comments (2)
Hi Lucas,
The articles say that mostly just as a disclaimer since there are a lot of legalities around financial content + what might constitute as advice on the internet.
It sounds like you’re very much on the right track to get started if you’re being this thoughtful about it, and like you say it’s definitely not cheap to see an advisor.
If you feel confident in your plan so far, then I’d say there’s no need to begin investing. But if you would feel a lot more comfortable getting a second opinion before going ahead then of course an advisor could help with that. Tricky part is many of them will want an ongoing relationship with you since it’s best for them, so there is a conflict of interest there.
I’d say get started first if you can, and as the numbers get bigger or you start feeling a bit anxious about what you’re doing, then start seeking out an advisor to help. Just my 2 cents.
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