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Eric Siu explains when a financial advisor makes sense: for estate planning, tax planning, retirement planning, or complex family situations. But if you just want help investing, you can probably do it yourself and skip the fees.
Eric Siu explains when a financial advisor makes sense: for estate planning, tax planning, retirement planning, or complex family situations. But if you just want help investing, you can probably do it yourself and skip the fees.
If you need estate planning, tax planning, retirement planning, planning for your kids, then yes, get a financial advisor. And many people have complicated situations. However, just for the investing piece, I don't think they're doing that much. So it's like at that point you're just paying a lot of fees for a financial advisor to hold your hand and invest in something that you can invest in yourself.
