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Reply to "1% fee for investment management?"
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[quote=Anonymous]It depends. First, 1% is pretty standard rate which can be worth it. For me, the benefits are 1) it gets me access to less expensive institutional shares of stocks (e.g. instead of paying fee of 0.30% to Vanguard say it's 0.08%. 2) Access to shares of Dimensional Fund Advisors (DFA) or other funds that you need an advisor for 3) advice on a variety of financial topics 4) no need to spend the time rebalancing or managing the account. So I would ask for the 1% fee, how much of what I listed do you "get" and do they combined make up for the 1% fee. If they don't give you benefits, then I agree a low cost Vanguard or Schwab is probably better.[/quote]
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