The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “Should I pay for a financial advisor?” I know this is going to be a touchy subject and it’s going to probably ruffle some feathers for some people, but I have all the world of respect for financial advisors, I just frankly don’t think that people are using them the right way. I think that the value of a financial advisor is more on the strategic planning side, the tax planning side, making sure that all of the components of your financial picture are put together, not just your investment portfolio. Well, where people I think usually overpay is in the side of the investment portfolio where they’re paying 1%, 2% in some cases for management fees for something that they could do by themselves. Now, again, this is not to knock any financial advisor or planner, but generally speaking, we have access to as retail investors, all of the same products, all of the same resources, all