One second - there are a few different meanings for &quot;financial advisers&quot;.<p>I believe that what you&#x27;re talking about are financial traders, to whom you give money to invest for you. In that case, I agree that (but see caveat below).<p>But there are many other forms of financial advisers. A good adviser can help you to diversify your investments, help you to mitigate and control tax liability, help you match your risk profile to investments, etc. These are valuable things that the average person cannot do on their own, and they <i>are</i> worth paying for.<p>Note: A caveat to the &#x27;don&#x27;t use advisers&#x27; approach. I generally believe in a relatively efficient market, although I think you <i>can</i> get higher returns in some situations (e.g. some hedge funds <i>do</i> appear to get higher returns).<p>However, even if I didn&#x27;t, sometimes it is worth paying for an financial trader to work on your behalf, for the same reasons as above, namely, you&#x27;d like to invest a bulk of money, but aren&#x27;t sure how best to invest it and want to diversify. As much as the advice fits on an index card, it&#x27;s still a complicated and technical field. I&#x27;d rather someone pay some small amount of money to financial advisers and <i>actually invest</i> money than be too scared to do any saving.