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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let's say you had something like $15 million and aren't an investment expert but know some of the basics (i.e., diversification to protect against major losses). should you use a wealth advisor? The fees can be between 0.5% - 1.0% annually regardless of whether the portfolio goes up or down. That can range between $75k - $150k per year in this example![/quote] Wealth Advisors are completely unnecessary unless you like giving your money away. If you earned $15M (assuming no inheritance, legal or divorce settlement , etc) you certainly should know how to manage your own money. The internet is filled with financial blogs that will provide the same advice as a wealth manager for free. [/quote] I didn’t earn it by managing it. It’s more cost efficient for me to be out here making rain and allowing someone else to manage it. [/quote]
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