Here is a synopsis of managed investing as espoused here on this message board and others. I make no apologies to those possibly offended by the following.
If you have less than a million dollars, you should learn enough to manage your own investments. It will take a weekend or two. You will need to learn all this anyways since you will not know if your manager/advisor is ripping you off or not without this knowledge anyways. See Investment Guide
for an easy introduction to this.
You are going to use Vanguard for your assets and sometimes use their financial planning services for free if you have $250K with them or can deposit $100K with them. If you have less than $100K, you are really on your own and must read some books. But you can get free advice by reading the articles at FundAdvice.com - Home
. You can also get expert personal free advice at Guide to the Vanguard Diehards Forums
If you don't like the web for knowledge, you can read some books like The Bogleheads Guide ....
and The Four Pillars of Investing.
If you have a million or more, then you are allowed to use a DFA-sanctioned provider, but only a low cost one like Rick Ferri at Portfolio Solutions
or Evanson Asset Management - Main Page
or Welcome to Cardiff Park Advisors
and some others.
That's it in a nutshell.