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Money and Finances
Reply to "Why would you pay 1% to a financial advisor?"
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[quote=Anonymous]my advisor saved my ass and that of several people i know specifically around the tax implications of startups, ISOs, AMT, etc. He convinced my CFO and founders to allow 83b elections which saved me millions in taxes. He's referred me to excellent tax accountants and estate planners. He keeps an eye on my accounts, talks me out of stupid stock decisions, makes sure my cash flow is sufficient. Could I do all of that myself? sure. might i get distracted and screw it up at some point? very likely. Just like I *can* do all my own cleaning and laundry and cooking and brake jobs... I usually pay someone else to do it. No one is holding a gun to your head and forcing you to use a financial advisor, or to order take-out. My arrangement works for me.[/quote]
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