This is wrong. My mom hired a professional and made under 4 percent a year during the biggest bull market in history. He got 1% and the mutual funds got 1% so fees were over half her gains. Professional financial advisors are mostly crooks. They sell fake expertise and often put your money in places they would never put it themselves.
Better advise is to read some books on personal finance and invest in low cost index funds.
Better advise is to read some books on personal finance and invest in low cost index funds.