07-10-2018, 11:13 PM
Financial Advisers are basically just salesmen for a bank's investment products. They are also incredibly expensive which destroys your returns and have been historically proven to make no more money than index funds.
Roboadvisers give you diversification, rebalancing and in most cases tax harvesting. Most roboadvisers also have hybrids with real FAs if a voice on a phone gives you a warm and fuzzy.
Vanguard will give you free advice if your account is over a certain amount (50k IIRC)
Roboadvisers give you diversification, rebalancing and in most cases tax harvesting. Most roboadvisers also have hybrids with real FAs if a voice on a phone gives you a warm and fuzzy.
Vanguard will give you free advice if your account is over a certain amount (50k IIRC)