Do you need a certified financial planner professional? Is a financial advisor worth hiring?

What does a fee-only fiduciary actually do anyway? We get variations on these questions frequently,

and today on Your Money, Your Wells Podcast 33, hear Joe and Big Al's answers from 2016 to the present,

all in a single episode. Plus, how to measure CFP performance, and when

it's time to part ways with your financial planner. Visit Your Money, Your Wealth.com, and click

Joe and Big Al on air to send in your money questions, comments, and stories to be featured on the YMIW

podcast. I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth,

Joe Anderson, CFP, and Big Al-Cloafline CPA.

Brian from Knoxville, Tennessee.

Why should I pay someone 1% of my gross portfolio to do something I can easily do

using a few simple tools.

Oh, Brian? I don't know. Why don't you do it yourself? Yeah, that's fine by us, but let's see,

let's go on. All right. Brian, he's 59 years old, and he plans to retire in 13 months at the age of 60.

Congratulations. I have always used a financial advisor.

The people I've used have spread my money around. So if the market goes up, I go up just enough

to make it look like I'm doing okay. And if it goes down, it doesn't go down as much as the market

does. My risk tolerance has always been moderate to aggressive. Now that retirement is

setting in, I'm looking a little harder at what they have done in the past. It seems that I could

just as easily have taken my asset allocation wheel and picked funds, bond stocks, just like them,

and done just as well or better.

Why should I pay someone 1% of my gross portfolio to do something that I could easily do using a few simple tools?

Yeah, good question.

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