How much does a financial adviser cost?

What would you buy instead?

At the risk of sounding silly: in the medium term (1-2 yrs) I’d buy promising coins in crypto like ripple, stellar and cardano. Crypto market suffered a massive correction recently so everything is selling at a significant discount. Unless if a solar flare hits the Earth any promising coin will be worth more in 2020 than it is now. Stocks are overvalued right now and deserve to correct downwards. Interest rate hikes should help with that. If you’re in it for the long term, then just buy index and DCA your way into a handsome retirement.

About 150k. Mostly I want to know should I buy a house or not

I feel buying home should be a no brainer. Forget the gains in stock market, the feeling you get in your OWN home will be better than getting double digit returns in stock market.

That’s a lot of money in my opinion. Unless your net worth is $10 million, no point paying this.

you're completely overpaying. furthermore now your advisor has to do something to justify those hefty fees and so can't advise index funds

Exactly. Why do they deserve 1.5%. Just pay a fixed consultation fees for their time.

How much is reasonable ask though? One was telling me 12 hrs at 250 an hour. Sounded unreasonable to me