Like any service people pay for, wealth managers are only worth their fees if the advice they offer you is effective. The cost of getting a wealth manager may be more of a worthwhile investment if they can save you time or money. For example, if you lack expertise in investing then paying someone to take that on for you and make your current investments even more profitable likely makes sense. Likewise, if you are a confident investor but struggle to properly manage all of your investments due to the size of your portfolio or because it is spread across multiple brokers then paying someone else to take responsibility for managing it may make a lot of sense. Of course, you will need to find a wealth manager that you feel confident in and that you trust to take over this financial management for you. Wealth managers can also help by taking the emotion out of your investing activity. Without realising it, your investment activity could be heavily biased towards one type of instrument or market and the “good” returns you’ve been earning through them could have the potential to be much better by investing the money elsewhere. A good wealth manager will keep on top of these opportunities and help determine which ones are right for you. The other consideration when making your decision is the risk of stock market investing, the value of your investments could go up or down and stock market downturns could impact your wealth despite the best efforts of your wealth manager.