My Daughter Is 34 With $200K Home Equity and Soon Will Get a $130K Payout. I Sent Her to My Adviser. He Told Her She Had a Lot of Home Equity to Invest — and to Come Back When She Was Richer. Should I Ditch Him Myself?

A reader’s daughter received poor advice from an advisor who only showed interest if she had a large cash sum to invest and offered few options suited to her situation. The author responds that a CFP® professional — who must meet strict education, experience and ethical standards — may be a better fit, as their guidance focuses on overall goals rather than just investing a lump sum.

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