Making important investment management decisions with the guidance of a qualified financial advisor makes sense. Making the right decisions at the right time impacts long-term financial health. A reputable financial advisor can tailor a portfolio to meet your risk tolerance and time horizon.
A fee-only financial advisor makes objective and impartial judgments because he or she has no financial stake in the investment decisions. No mutual fund or other companies affect decision-making of fee-only advisors through any kind of compensation.
It's important to find the right financial advisor for you. To do that you need to know what questions to ask, about an advisor's background, experience, compensation, regulatory compliance, services offered, and business practices.