And the big bull market in stocks has helped a lot of investors build their retirement accounts, kids' college accounts and other holdings to that figure. Although serious money motivates people to seek professional help, Bower argues that most of us shouldn't wait to reach some dollar goal before seeking help. Bower said the decisions are difficult whether you have a big portfolio or just a little stashed away. Big money can make situations more complex, he said, but less money doesn't make them easy. The best sign that you need professional help might be that you've decided it's worth paying for.
Advisers charge one of two ways.
They charge commissions on each investment they sell you, or they charge a fee, which can be an hourly rate or a percentage of your total account each year. Sales loads on mutual funds can be charged upfront when you invest, or deferred until you sell. Load funds also offer steady-load shares, typically called C shares, that collect a smaller commission annually. Investors should be alert to all of the fees they might pay. Mutual funds charge annual fees even if they charge a sales load.