Do you think it is wise for me to “FIRE” my current financial advisor NOW and invest on my own?

It is hard to judget if an investment adviser is good or bad by simply saying your funds lost 3%. There could be many reasons.

if you want to start investing by yourself, you should open a separate account first. Making your own decisions, make yourself accountable and comparing your own performance and the portfolio managed by the adviser. Then you can see if your adviser is doing any good job for you.

Have someone knowledgeable about funds to take a look at your funds portfolio and give some suggestions. Switching funds may yield better returns. If you think that your current advisor is not putting your interest first, ask the insurer to suggest another one who is more competent on funds management and advisory. It's your money, your choice on how you wish to put it to work for you. I'll suggest dropping the advisor or platform altogether if you can achieve better returns elsewhere and on your own.