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Reply to "Why would you pay 1% to a financial advisor?"
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[quote=Anonymous]My previous employer gave us free access to a financial advisor company. They ran a full Monte Carlo analysis for me when I was mid 40s. Again free. I found it enlightening in terms of future planning. Knowing what I know now I might pay a flat fee for the service today, but there are pretty decent Monterey Carlo calculators available online these days. If you haven’t done one or don’t want to bother you could ask a flat fee advisor to do that for you. But no never a percent of assets. For most of us that have 7 and low 8 figure portfolios That’s just stupid. [/quote]
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