This post has been updated in an article on whether, when, and how to find advice on financial matters. Click here to go to the full article, which covers these topics:
- Who Needs an Adviser? What are the areas where automated advice may be cheaper and better than paying a financial professional, and better than doing it yourself? What are the best firms that offer automated advice?
- Advising Yourself. Do you trust yourself to be disciplined in managing your investments? Do you know the limits of your knowledge? What good, free apps and tools can you use as your own adviser?
- Paying for Advice. If you need to pay a financial expert for help, what are reasonable fees? How can you find a qualified, low-cost adviser?