Can I Hire a Financial Adviser to Manage My 401(k)?

If your employer offers a self-directed brokerage account as an option, you can. But then the question becomes: Should you hire an adviser to oversee your 401(k)?

A financial adviser sits at a conference table and smiles while talking to a couple.
(Image credit: Getty Images)

Managing your 401(k) plan can be time-consuming and intimidating for employees, especially if you lack the expertise and time to oversee your investments effectively. Typically, 401(k) plans provide a menu of investment options curated by the employer, which can limit the employee's investment choices. As a result, many workers are considering hiring a financial adviser to manage their 401(k) accounts.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Renée Pastor, AIF®
Founder, Wealth Manager, The Pastor Financial Group

Renée Pastor is Founder & Wealth Manager at The Pastor Financial Group, a comprehensive financial planning and wealth management practice headquartered in New Orleans. The firm specializes in retirement planning and 401(k) management for families and individuals nationwide. To learn more, please visit