Many people proudly manage their own investments. They enjoy the process, understand the strategies, and feel confident about the choices they’re making. But here’s something most do-it-yourself investors often overlook: just because you’re comfortable managing your portfolio doesn’t mean your spouse feels the same way.
Over the years, I’ve seen this play out in countless client meetings. And the reality is, the “DIY” approach works well—until it doesn’t.
Spotting the DIY Investor
One of the first signs I’m meeting with a DIY investor is when they show up to our initial meeting alone. Most people attend financial planning meetings with their spouse or partner. But DIY investors? They often come solo, because they’re the ones who’ve taken on the responsibility of managing everything.
They are usually doing an excellent job. Their investment portfolios are well-balanced, they understand allocation, they’re mindful of taxes, and they’re disciplined. Honestly, sometimes I look at their plan and say, “You don’t need me to manage this.”
But their spouse? That’s a different story.
When One Spouse Is Left in the Dark
What happens if the DIY spouse passes away?
Too often, I’ve seen surviving spouses left completely unprepared. They may not know how the accounts are structured, how withdrawals work, or what the long-term plan was supposed to look like. Even if the investments are in good shape, the emotional stress of suddenly taking it all on alone can be overwhelming.
And that’s where financial planning—separate from investment management—can make a world of difference.
Why DIY Investors Still Partner With Us
Many of our clients are DIY investors who still choose to work with us. Why? Because they know that while they may not need professional help, their spouse likely does.
That’s why we offer subscription-based financial planning. This allows couples to:
- Build a relationship with an advisor.
- Ensure both spouses understand their financial plan.
- Have a resource in place for the future, even if they don’t currently need investment management.
It’s confidence for the DIY investor and security for the spouse who isn’t interested in handling the details.
Preparing for the “What If”
At the end of the day, managing money isn’t just about numbers—it’s about people. And it’s about making sure both spouses feel secure and supported. Even if one person is perfectly comfortable with spreadsheets and market charts, the other might need a guide.
Working with a financial planner creates continuity, builds confidence, and ensures that no matter what happens, both spouses have someone they can turn to.
The Takeaway
Being a do-it-yourself investor can work well for many families. But if your spouse isn’t involved or interested in managing finances, it could leave them vulnerable later on. Partnering with a financial planner doesn’t mean giving up control—it means building a bridge for the future.
If you’re a DIY investor and want to make sure your spouse has the support they’ll need, we’d love to help. Let’s start the conversation today and build a plan that works for both of you.
Disclosures:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.
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