With investment apps like Wealthsimple making it easy for people to learn about investing and manage their investments themselves, it’s easy to think the 1 percent fee most advisors charge isn’t worth it when you could do it yourself. This is likely true if you are younger, new to investing and have a small portfolio. But if you have a sizeable amount of money to invest, or particularly complicated investment needs around taxes, retirement and estate planning, a good advisor may well be worth their fee. The best advisors don’t take small accounts, so you have to have a large portfolio to work with them.