At a certain net-worth, they'll start calling you on a regular basis trying to get you to do the same.
It's all pretty annoying. Perhaps do that, and after a 6 months of so of calls and prompts, then offer to stop calling / prompting for $10 a month.
IIRC it's robo-investing. I got a pitch from them, and it was mostly "high expense ratio funds are bad, we put you in low cost funds with expense ratio of < .10% to save you money".
"OK... but your expense fee is .90% of funds under management - this puts me at approximately 1%/year in fees."
"But we're actively rebalancing 2x per year and we do tax loss harvesting".
I was close to giving them a small $ to manage/test with, but backed out.
"But we're actively rebalancing 2x per year and we do tax loss harvesting".
Beat them all: Put all of your money is an ETF that tracks S&P 500 index. iShares IVV and Vanguard VOO are excellent. Expenses are less than 5bps per year! After 3/5/10 years, you are nearly guaranteed (statistically) to be ahead of the investment advisor when including expenses.
I agree 100%. I think it is a good idea to pay for at least one hour of financial advice per year. Do not buy any products recommended if they receive a direct or indirect commission. An outsider who studies the financial situation of others for a living will usually have helpful advice, even if limited to: "This is good." or "Have you considered...?"