I have been with my Financial Advisor for ten years. Over this period he has provided some good advice on uncommon tasks, such as setting up trusts. However, my level of knowledge about picking stocks, bonds and ETFs has grown over the years and our relationship had become primarily one of order taking. On a couple of occasions these orders had been incorrectly executed (see BMO and Canadian Oil Sands trades), which is not acceptable. It is difficult to justify paying 1% of my total portfolio value every year for such advice so I have decided to self-manage. It was a difficult decision, but a necessary one.