I don't have as much as you, but I am in the 2 comma club and plan to retire next year. My portfolio is 60% equity and 40% FI. Some people say that's conservative, some say it's crazy risky. It's based on low cost indexing principles espoused by Jack Bogle, Andrew Hallam, Cdn Couch Potato, William Bernstein, Rick Ferri and similar authors. I take a total return approach as advocated by Larry Swedroe and don't try to live just on dividends. (I want to spend most of it, not leave it behind.)
Here's my portfolio:
20% 5 yr GIC ladder
20% Cdn Equity (VCN, ZCN)
20% US Equity (VUN, XUS)
15% global developed (XEF)
5% emerging (XEC)
minimal cash (<1% ignoring emergency funds)
It is allocated across accounts according to the Finiki Tax-Effective Investing principles. Tax-efficient investing - finiki, the Canadian financial wiki
The GIC ladder gives certainty of income for several years, regardless of market conditions. You might ask why two each of Can and US equities. Because my funds are spread across multiple accounts (taxable, TFSA, RRSP and 2 LIRAs), that were invested at different times. I only have one fund of each asset class in any account, so it is no extra work, and very slightly more diversification (VUN vs XUS = US Total Market vs S&P500). I used to have some ZRE, VSB and VSC, but sold them to simplify my portfolio.
I ditched my adviser and went to an indexing approach several years ago and my only regret is not doing it earlier. I do have a fee-only planner that created a very detailed plan for me, but I don't foresee any need to return to her on a regular basis, or maybe ever unless my situation changes dramatically. The 2 main benefits I achieved from her are the assurance that I was not using mistaken assumptions in my own analysis, and recommendations on tax-effective investing and withdrawal strategies (like spending down some of my RRSP to minimize OAS clawback and when to take CPP/OAS)
I have thought about taking a portion of my Canadian equity and switching it into individual dividend paying stocks (my IPS includes this as an option). Every time I look seriously at it I think that it would not add diversification but rather portfolio duplication and concentration, and what if dividend stocks are over-priced because of all the yield chasers.
You mentioned Cdn Couch Potato - excellent site. A couple of good Canuck links if you have not seen them:
finiki, the Canadian financial wiki
Financial Wisdom Forum - Index page