'Is This My Wake-Up Call To Get Rid Of My Advisor?' — Suze Orman Responds To Listener Paying 1.22% For Half The S&P's Returns

Core Insights - The article discusses the importance of evaluating financial advisors, particularly in light of performance relative to benchmarks like the S&P 500 [1][5] - It emphasizes that comparing overall portfolio returns to the S&P 500 without considering asset allocation can be misleading [2] Group 1: Financial Advisor Evaluation - Investors should assess whether their advisor's fees and strategies are providing adequate value, especially if returns are consistently below benchmarks [5][6] - The article suggests that if a significant portion of investments is in stocks and underperforms compared to the S&P 500, it may be time to consider alternative options like index funds or robo-advisors [6] Group 2: Role of Financial Advisors - Financial advisors can be beneficial for navigating complex financial decisions, including retirement and estate planning [3] - They typically charge fees that can range from 0.25% for robo-advisors to 2% for full-service wealth managers, and their services are particularly valuable during major life events or financial stress [4]