Do you need a financial advisor? Learn what advisors actually do, who benefits most, and when hiring one is worth the cost.

A Reddit user is concerned that he is losing too much money to a financial advisor. He has $74K in his account, and he paid a percentage of assets under management that cost him 40% of his returns.

Although there’s no denying the value of the services an advisor can provide, you might not need to spend the money for professional advice if you have a simple portfolio and a good handle on your ...