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Reply to "Why would you pay 1% to a financial advisor?"
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[quote=Anonymous]My brother and I use one to manage my mother's money (she is in assisted living with Alzheimer's). They deal with RMDs, constantly reevaluate whether she has enough cash to pay her monthly costs, invests some of the other money aggressively since she will never need it. It also helps prevent any tension between me and my brother since we are outsourcing the investment decisions vs trying to agree on each little thing together.[/quote]
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