SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. My wife (62) and I (60) have $2.4 million in our Edward Jones IRA account and have no mortgage payment and our children are out of the house. Do we really need a financial advisor (at 1%) or could we go with a less expensive option like Vanguard? We don’t see any adjustment with our current advisor during changing market conditions. – Kenneth Cheaper services are always something to consider. If you can ...