It depends on your comfort level with managing your money yourself. If you're satisfied with how well you're doing and feel comfortable running your own show, you may never need a financial planner. Many people become quite wealthy without ever hiring a financial planner. But if you're starting to dabble in esoteric investments and feel like you're getting in over your head, look for a fee only adviser.
Whether or not you ever hire a financial planner, if your net worth is in the range of potential estate tax liability, doing some estate planning with a good trusts and estates lawyer and a tax accountant is probably in order. Even if you're perfectly capable of managing your own money now, you will eventually get to the point where you can't, either because of mental decline or because you've passed on. At that point, what happens to your estate? It's advisable to make plans for your money when you're no longer able to manage it yourself.At what level of net worth should I seek advice from a professional financial planner?
Congratulations on your returns.
It seems to me that you know your stuff. I would be wary of anything other than a fee only adviser. With your confidence in investing, I would make sure that I had a good tax man before that I had anything else. Many times they will give you some pointers as well.
Good luck and be wary of anything that contains the word insurance!
Based on my considerations, at any level or anytime you think that you need a financial plan to reach your financial goal.
Remember, a financial planner should make ourself to be more financially secured. not to add more trouble.
One more thing, find a certified financial planner (CFP), that'l should do the trick.
I think you could likely benefit from a good financial planner regardless of your net worth.
Remember, investing is only one aspect of your financial life. Life insurance, estate planning, tax-planning, etc.. are other areas a financial professional can help you, even if you don't feel the need for them to manage your investments.
They can alos help you with settings goals, such as for retirement, if you haven't already done so.
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