One thing we can do is call our advisor if we are not sure what to do at any given time with our investments. He has a record of everything we own; he has made suggestions on how we should invest my husbands 401k and lump sum when he retires, amongst other things like that. All I need to do from there is call T Rowe Price and set it up and I can do some things on line myself as well like I have always done.
We do not have to know too much about investing or pay someone outrageous fees to do it for us. If I start worrying or get emotional- now I have him to call. Just like I did with the new house situation. Any financial question I can call him.
This said- when we get older, we might not be able to handle it and then we might need to get someone to handle it all.
But right now, if I am going to give away thousands of dollars per year, I would rather give our son the money than hand it over to a planner. But actually, we are keeping it for ourselves by keeping that money invested.