May 5, 2017- Why consolidate your assets? One financial planner who knows your entire financial picture can provide you with more complete and better advice to coordinate and diversify all your portfolios within your risk tolerance and time horizon, simplify income generation, reviews and record keeping, incorporate your tax and estate planning needs, and ensure any other risks are identified and covered, if possible. Larger accounts can also benefit from lower fees, especially when family plans can be linked together.