<prompt> Human: I am considering signing with a wealth management firm to handle my investments. I make an OK income, have a 401k through my employer, along with some mutual funds and other investments; Im in my early 40s, I dont have kids, I own my condo, and am considering selling a rental property I own. But, this doesnt mean Im rolling in dough and the firm would charge me about 2 annually to manage my money. This would go down the more money they make for meI have. But 2 is still not a small amount of cash for someone like me. The firm is well-known, nation-wide, and have a good reputation, Im just not sure its worth it to me at this time. Thanks in advance for your advice!EDIT: Thanks, everyone, for all the responses! Some really awesome advice in here!!  <response>: Very vague numbers and scenario.View it from a different perspective:If you have 1,000,000 in assets to manage, you are paying the firm 20,000 a year in management fees. Theres also a perverse incentive for them to offer their funds, holdings, and products. You need someone who has a fiduciary duty to you. At 20,000per million, is it worthwhile to remain ignorant? 