<prompt> Human: In the last couple years, the business I own has been taking off. Last year our revenue grew to nearly 500k, almost half of which I took home as profit. My wife and I are in our late 20s and weve used the extra profits to pay off our mortgage, put money into investments retirement accounts, and pay off student debts. Were currently debt free with a net worth of about 460k.At the moment were investing money on autopilot with Fidelity, basically putting X each month into a split of index funds for total stock market, small cap, international, and biotech. We also have a 6-month emergency fund and retirement accounts that were putting money in whenever possible. My accountant saw our situation and said we should consider working with a financial planner, since were young, busy, and doing well.Ive met with the planner a couple times and the jist is that they want to manage all of our money. We would take our money out of FidelityVanguard and invest with them instead. The planner said that our situation is pretty good but that were not diversified enough, and that portfolio allocation is ultimately what matters in the long run. They would help reallocate our portfolio and keep it balanced. They also said that through their firm, and given the amount of money were making, we could get in on alternative investments that are not typically available to the public. They also offer general financial advice, i.e. how much to invest vs. keep in the bank, help planning for buying our next house, how much to save to retire early, what kind of insurance policies we should get, etc.I like the idea of getting financial advice, and they said that the majority of their clients ARE currently beating the market.. so thats promising. But they said the fee is 1 per year which is obviously a lot higher than the 0.3 were paying now for our index funds. Thats a tough pill to swallow.Is there any situation where rpersonalfinance would recommend a financial plannerwealth management service like this? We could be looking at a net worth of a few million within 5 years and while there is 0 chance we would ever squander that, I do wonder if having help managing it is worthwhile? Any advice would be appreciated. Thank you in advance.  <response>: Tax accountant here. I dont work in personal finance, so take this with that in mind. Ive seen many, many clients who have millions of dollars invested with places like Merrill, Raymond james, ect. I cannot explain how pissed off I get when I see these major advisors keeping the clients money in money markets or extremely low returning funds. Then I see the 5-25k of fees they collect from such dead investments, its discusting. Not that all advisors are the same, but I am completely disgusted when I see a client pay more or comparable amounts to the growth of their funds. I feel like you seem to have an act for making money. Personally, I would max out you and your wifes 401k contributions, max out a couple of IRAs, then invest the rest on your own. 