Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTLoraine Montanye, CFP®Wed, September 2, 2026 at 11:00 AM GMT+2 6 min readWhy hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your money. One can get a brokerage CD for two years at 5.5%, and with no fee, the return is 6.5%. I will take that any day instead of worrying about what the market is doing and can sleep at night. That's especially true as a retired person who is not dollar-cost averaging anymore. Prove me wrong.-ChrisWhile, at face value, a two-year certificate of deposit (CD) offers a seemingly low-risk, guaranteed return opportunity for savers and investors right now, a strategy that relies solely on CDs is unlikely to meet your needs and objectives.Here are several points to consider before discounting the value of a successful advisor relationship and pursuing opportunities like CDs alone.Looking for financial advice?