If I plan on investing in index funds, do I need a financial advisor?

I am planning to invest in Vanguard's index funds. Their advisory services charges 0.3% of your assets per year. I am planning to invest $50,000 no matter what. I am also going to be expanding my portfolio as per Vanguard's advice. Should I opt out of their service that they provide so that I have more funds to invest with?

Financial Planning, Investing, Choosing an Advisor, Mutual Funds
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September 2017
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Your logic is sound. Less money towards advisory fees means more money towards investing.

Financial advice is more than just investment advice, however. What makes sense for you will be highly dependent on your personal circumstances and needs.

What you will want to do is contact your advisor/service provider and find out exactly what services are provided/included for the annual fee. You might find that the services offered are quite valuable to you, and the fee is, therefore, a bargain. On the other hand, after learning what you would be paying for, you might feel that the dollars otherwise allocated to the fee would be better spent on stand-alone services from other providers or directed towards further investment. 

In any event, it would be difficult to make an argument for paying even a fraction of a fraction of a percent in fees if you don’t know exactly what you’re paying for. So, if nothing else, get your hands on as much information as you can before you pay anyone anything.

September 2017
September 2017
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September 2017