I would suggest you save the cost (1+% annually), invest the time it takes to vet a new person in a bit of self-education and then do it yourself.
Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)
Found at paulmerriman.com
He also makes solid recommendations on mutual fund portfolios at several low cost providers (Vanguard/Fidelity ...). I have been using his info since 2005 and can claim a solid and happy retirement so far.
If you do go with someone, make them show you their fiduciary agreement which they should sign and determine EXACTLY how they are paid for their services - hourly, % of manage funds, by trading/churning, commissions on products or stocks they promote and sell you ...
JMHO
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