The biggest thing with using an advisor isn't purely investing either. It's all the other areas that they can help with (tax planning, estate planning, retirement planning, etc.) Of course investments and investment strategy is a piece of it, but there are all kinds of other areas that people just flat out miss or ignore until it's too late.
I also think that a major part of an advisors role isn't purely picking the right stock, but making sure that people don't do something stupid and make big mistakes. That's not as glamorous as it might seem, but people have a hard time understanding risk to begin with, nevermind recognizing how it impacts them personally. Sometimes the biggest impact isn't just an enormous gain, it's recognizing what not to do at a given time.
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