$260k in HYSA — Should I DIY investing or hire a financial advisor?

I’m looking for some guidance on how to optimize my investing strategy going forward.

Current situation:

  • $260k sitting in a HYSA (yes, I know this is too much cash)
  • ~$150k in Fidelity (mix of brokerage, Roth IRA, SEP-IRA, and 403b — mostly mutual funds/ETFs)
  • ~$50k in Robinhood in individual stocks

Background:

  • Physician, recently finished residency
  • No debt
  • Income:
    • Next 3 years: ~$180k–200k
    • After that: ~$350k–450k
  • Married, no kids yet
  • Fairly frugal lifestyle — main spending is travel and occasional dining out

What I’m trying to figure out:

  • How much of this cash should I be deploying (and how quickly)
  • If sticking with a simple index fund strategy is sufficient for my income/net worth
  • At what point, if any, does it make sense to hire a financial advisor

I’ve done some basic investing so far, but I want to make sure I’m not being inefficient or missing anything as my income ramps up.

Appreciate any advice, especially from others in a similar situation.

Posted Apr 5, 2026, 2:42 AM UTC

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