Don't dump your financial adviser

Question: I hear constantly that there is no better investment than index funds because, with few exceptions, mutual fund managers don't beat the market averages consistently. If that's the case, wouldn't it make sense for me to just invest all my money in index funds on my own and stop paying a financial adviser 1.5 percent a year for advice as I'm doing now? - Steffy Lafaro, Boston, Mass.

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[Source: Financial news of the day - CNNMoney.com]