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Here's exactly how to tell if you need a financial advisor, a robot, or nobody at all

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Here's exactly how to tell if you need a financial advisor, a robot, or nobody at all
Willie B. Thomas/Getty



Some financial decisions call for reinforcement; others, you can probably handle on your own — at least for now.




You should consider hiring a financial advisor if you need specific advice or you're too overwhelmed or confused by your money to plan for retirement or invest in the stock market.




You probably don't need a financial advisor if you want to know where to save money or invest a few thousand dollars.




If you decide to seek professional advice, make sure you hire a fee-only financial planner or investment advisor — they act as fiduciaries, which requires them to put their client's interests first.




Robo-advisors like Wealthfront, Betterment, and Ellevest offer a cheaper alternative for investing advice and management.




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Money can be complex and intimidating, no matter how much or how little you have.
If you've considered seeking professional financial help but don't know where to start, first identify exactly what it is you want to accomplish. Do you want to start investing or invest more money? Do you want to know how much you need to save to retire at 65? Do you need advice for paying off debt? Are you wondering how much life insurance you need?
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