if you have your money with a financial advisor but you wanna take it out so you can self manage it because you realized even a 1% difference in fees could mean 10 years less in retirement income and fees of 2 to 3% could mean having to save and invest double that of someone who saves and invest on their own then let’s talk about exactly how you can do this first thing you’re gonna do is go and open an account with your new brokerage this one should be low or no fee while you are setting up your profile you are going to indicate that you are bringing an account from another brokerage then they’re gonna ask you are you bringing this account over in kind or in cash in kind means as is meaning whatever investments you currently have in that account with your financial advisor you would have in the new account as long as your new brokerage offers them once you’ve indicated how you want them to bring everything over they’re going to handle all of the rest in the backend there may be some fees that are charged you from your previous brokerage in order to transfer them to the new one but what I would do is see if your new brokerage can actually cover those fees for you the higher your balance the more your negotiating power also sometimes broker just have promotions to cover those fees so make sure you’re checking those out too now it’s gonna take a couple weeks for your accounts to be transferred over but once they are if you have brought that over in cash make sure you go and reinvest that money a financial advisor is not doing anything for you that you can’t do on your own however what they can do for you is manage your emotions so if you are somebody who gets highly emotional when they see a stalk going to the moon you catch FOMO you jump in you make irrational decisions or you’re someone who sees stock markets going down and you start to panic sell locking in your losses that’s where a financial advisor could be really helpful in managing that emotional component for you that said even if you do have a financial advisor I still think that you need to learn everything you can about investing because financial advisors are not educating you sometimes they’re not putting you in the right investments sometimes they are not fiduciaries meaning they don’t have to legally have your best interest at heart commissions can sway where they put your money and the thing with investing is your most valuable asset is time so if you have it all set up and it’s not set up correctly and you waste years or decades having it set up the wrong way you can’t get that time in that compounding back don’t let that scare you I promise you it is a lot more simple than you think if you can learn to drive a car you can learn to invest you just need to take a little bit of time to learn if that’s you then check out our free investing masterclass I am a self me millionaire who teaches you everything I Learned going from $40,000 in debt to millionaire at 30 grab your spot on our