Marc Lichtenfeld returned to U.S. News and World Report to explain why your broker is a terrible source of financial advice:
A few of my friends are furious at me.
They’re financial advisors.
They’re good people and take care of their clients.
So they wonder, in angry emails to me, why I would recommend that investors fire their advisors.
Let me state up front that if your advisor is doing a better job than you can, or if having someone else manage your money helps you sleep better at night, then by all means, stick with that person. They’re worth every dollar you pay them.
But you likely can do better and save money at the same time.