I spend $360,000 a year but I have a hard time believing a financial advisor is worth it. Am I wrong?

A Redditor, spending $360,000 annually and with a $10 million net worth, questions the value of financial advisors after two unsatisfactory experiences. He has recently fired both advisors due to poor communication and unmet promises. Now, he seeks advice on whether to interview new financial advisors from the Reddit community. Many commenters express varying opinions on financial advisors, emphasizing their valuable role in minimizing emotional decisions in investment, ensuring clients stick to long-term strategies, and assisting with tax optimization among other tasks.

A financial advisor can act like a psychiatrist, helping clients avoid poor decisions driven by emotion, such as panic selling, and stick to long-term strategies.

While this Redditor has had two unsuccessful experiences with advisors, he seeks opinions on their actual value, indicating a struggle many face in deciding whether to hire help.

Read at 24/7 Wall St.