I grew up as an only child with my dad working and my mom stayed home. We never have all of the fanciest things or unnecessary things, but it also didn't seem like we missed out on anything. I observed and learned that they just didn't spend money they didn't have, saved up, and invested wisely. They never had a financial advisor and just accumulated a bunch of Microsoft stock since the 90's along with whatever my dad researched and never needed to sell it because they still don't really buy anything or go anywhere, which is kind of sad but they have plenty if ever needed. I sort of followed in those footsteps and now at 45 and married with 2 kids, we tend to save a lot, don't buy a bunch of unnecessary things, and don't spend money we don't have. Luckily they invested some money in Microsoft for me back then and I still have several hundred thousand worth, even after using some to buy a house, along with my 401k, etc. The reason I am bringing this is up is because I hear multiple friends and family say stuff like "our financial advisor said this..." etc. (where honestly some of the stuff I hear has me shaking my head) and it had me thinking, I don't have a financial advisor. I am just thinking, I have always been fine, never in debt, and will inherit quite a lot someday. I can't see any need for me or my parents to have a financial advisor now, especially after seeing they typically charge 1%. It seems like a waste, especially with their portfolio worth millions, to give someone 10's of thousands a year when everything seems fine. Am I on the right track here, or am I overlooking something?