Hiring a financial advisor can be a controversial subject. Some people swear by the advice their advisor provides, but others are convinced that managing money is easy enough without professional help so there’s no reason to waste money on paying for assistance.

Every statistic relies on a series of assumptions and other factors. However, quantitative and qualitative responses are still important for prospective customers.

The right advisor adds value by providing education, strategic planning, emotional support—money is always emotional—personalized guidance, and access to experts.

Is it possible to have someone advise me on only part of my portfolio and does that make sense? -Marda It really depends on both what you're trying to achieve and what your financial advisor is willing to accommodate.