It really depends on what you are talking about when you talk about investing.
Are you looking to play in the stock market? or build a retirement.
I think the best reason to use an advisor is to minimize taxes. But I think most people don’t max out their tax advantaged options enough for this to be a huge deal.
Look at the book “Common Sense Investing” by Jack Bogle the founder of Vanguard. Its not long and if you make it through it and understand it, you can likely do everything on your own.
Jack suggests a 3 fund portfolio:
Total US stock market index (VTSAX/VTI)
Total International market index (VTIAX/VXUS)
Total US Bond market Index (VBTLX/BND)
the % of which you invest is dependent upon a few factors but a 50 yr old might choose 55% VTI/20% VXUS /25% BND but thats basically the initial decision to make. and then rebalance each year, and go from there. Each one fo these funds have so little fees, the fees really aren’t even worth considering.
This portfolio is boring. but with VTI/VXUS you own 10,000 companies. and thousands of bonds with the bond fund. completely diversifed in equities and bonds.
This fund will beat over the years, 80% of managed portfolios.
the market returns are what the market returns. no more no less. part of your piece of the pie can either go to loads, advisors, expenses, (which are like in the billions and billions each year) for advice that over the long haul hasn’t really ever proven to beat the market. Get your fair share and beat most of other portfolios.
Jack said, most funds and advisors are looking to find the needle in the haystack. just buy the whole haystack and you’ll be fine.
disclaimer : as a 40 yr old, 80% of my portfolio is this 3 fund portfolio( i use a few leveraged sp500 funds as a portion of my “total market” allocation.) I’m 8% in bonds and The other 20% i dabble in stocks and other mutual funds i like managed by fund managers i admire.
I rebalance to my preferred allocation every 6 months. It takes about a half hour.