Some people always use a financial advisor but others worry about the cost and how biased they might be. Although, these are possible problems there are many advantages to using them as well.
In the UK most financial advice used to be free and this encouraged many people to use a financial advisor. However, they got paid with commission on the products that they sold to you. This meant that there was a possibility that they may be biased in encouraging you to invest in things which gave them the biggest income. However, regulations have changed now and financial advisors have to charge you for advice and are not allowed to take commission. This means that they are less likely to be biased but they will be more expensive. It is a trade off, but means that you should get a better performing investment which should mean that you gain in the long run. It is wise to use an independent financial advisor though. Some are tied with certain organisations and will only deal with products that they have available and this means that you will not get to choose from the full range of things available to you. They have to tell you if they are independent or not though, so you will be able to decide whether you want to deal with them or not. If you want products from a specific organisation then you may prefer someone who only deals with their products and therefore knows a lot about them.
The great thing about using a financial advisor is that they will have a good understanding of financial products. Sometimes they can be rather complicated and they will be able to explain what the differences are and help you to decide which will be best for your specific circumstance. They will also be able to compare products for you and show you what is available and how much the costs and likely return is. Although there are comparison websites and lots of other information available online, it is not always easy to do a like for like comparison, find out what all the costs are and things like that. You may find that a lot of things are not on comparison websites and perhaps they are rather difficult to find or to understand. You may also not know how to weigh up the risks of different types of investments, which could make it difficult to know which will be right for you. Sometimes financial advisors have access to investments which members of the public do not and this could mean you may be missing out on opportunities that could be really good for you. They may also know of financial institutions that you have not that they will be able to recommend, that you may otherwise not have trusted.
If you only have a small amount of money to invest, then it could be easy enough to do the research on your own, but if you have a lot to invest then it could be wise to maximise your possible return by getting expert help.