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Reply to "Am I overpaying my financial advisor?"
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[quote=Anonymous]Get the fee down to 0.85 to 1.0% Then, stick with them if you are using them for financial advice too, not just to manage your investments. For example, estate planning, tax minimization strategies (I assume they have suggsted donating appreciated stock to charity insteda of cash right? and they'll do all the paperwork too). As for comparing returns, it depends on your risk profile. You know, you could've invested in Bitcoin a year ago, and you'd be up 239%.. but at much higher risk. Where a financial advisor can shine is when the market's down, and you don't lose as much as those who bet on a straight S&P500 return because you were diversified. Also they tend to look more at tax implications and avoid getting you stuck with too much taxable dividends. [/quote]
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