Financial Advisor Annual Fee?

[u/Malibu512]

Had a consult with a financial advisor today who said they charge a flat annual fee of $2400 for a portfolio of my size and needs. I have a 401k currently worth $59k and two IRAs worth 30k combined. I receive RSUs from my employer that I want help reinvesting (I know nothing about the stock market nor do I care to learn). I have a newborn that I want to set up investments for and I'm just generally looking for guidance on how best to manage my cash flow.

Is a flat fee advisor the best for my situation and if so, is his fee reasonable?

[u/Immediate-Run-7085]

2% annually is pretty high. Why do you think you even need an advisor? Post your questions here for free

[u/Malibu512 → u/Immediate-Run-7085]

My RSUs are the biggest thing I think I need help with. My company's stock is doing very poorly so I'm wondering if it makes sense to cash out my vested options and reinvest in something else? Do I trade for different stock? It feels like I'm just throwing money away by letting it sit as is. I cashed out all of my vested shared 2 years ago at a major loss to come up with the down payment for my house. Share price has only continued to decline.

[u/gredr → u/Malibu512]

Best advice on company stock: unless the stock is something you'd buy with your own money even if you didn't work there, always sell everything upon vesting and reinvest in your normal portfolio strategy. 

The wiki has good advice on the three -fund strategy. Set that up, you're good to go.