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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not to me.

It strikes me as another rip off of the rich and gullible (or lazy, who farm out most non-fun aspects of their lives).

My friends swear by them, but I am more frugal (and have super simple finances).[/quote]

They are not worth it if you stay on top of everything.  $15 million is a lot.  Not your 200k - 400k index fund portfolio.

But if you stay on top --- great.

99.9% of people will not stay on top of anything -- ever.  Most people who say they would -- do not.  Why?  Forget, not interested, lazy, work like 80 hrs a week (looking at you biglaw).  In those cases it is mandatory.

You know you.

If you have 15 million ---- is it tax efficient?  Is it really diverse?  Do you take you required inherited IRA distributions when you are supposed to.  Are you saving enough?  What about college?

Can you do all this -- yes.  Will you?[/quote]

This.   NW around $12. HHI $4-5M.  Cash flow is all over the place, estimated taxes, multistate filings, capital calls for work and personal investments, RE income/management, small DAF/foundation.  So for us, it is a requirement because DH and me are busy earning it and living our lives with our young kids.  But TBC, this a not someone picking stocks or (egads) mutual funds/ETFs for us.  It’s a quarterly meeting.  [/quote]

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