Is it a good idea to have a brokerage manage my investments, and if so, how do I find a firm to do it for me?

I recently came into an unexpected inheritance. It is not a fortune, but it is substantial. I am a busy working adult with a full-time job and a part-time job. I do have investments, but not the experience, time, or knowledge to feel like I am very good at it. I am thinking about investing the inheritance into a brokerage managed account, as I have read online that the management fees are small enough to be basically insignificant. Given my busy schedule, this seems ideal. Is it a good idea to have a brokerage manage my investments, and if so, how do I find a firm to do it for me?

Estate Planning, Investing
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You certainly should consider having professional assistance, but that means an experienced Certified Financial Planner who has been in the business long enough to manage both the ups and downs. Simply going to a brokerage house for assistance is exposing yourself to folks who are primarily salesmen, not money managers. Plus, the likelihood of high fees. 

To find a qualified adviser near you, go to Find An Adviser at Napfa.com. That’s the website of the National Association of Personal Financial Advisors. Call and meet with several. Then select the person with whom you’ll be most comfortable.

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