Reply to Why would you pay 1% to a financial advisor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am just trying to see what we are missing. We are in our mid 50s and have a net worth of about $5 million. We have 401k’s, Roth IRAs, allocated generally on the three fund approach from Boglehead. In taxable account, we have VTI and T-Bills. We also have some I-bonds and savings in HYSA. College for kids covered by 529s and a little cash flow.

What are we missing by not having an advisor?[/quote]

Missed opportunities.  you really need about 10 million in investable assets to get the alternative asset allocation opportunities.

And have someone doing great diligence on all of it.

[/quote]

Which alternative assets do advisors have access to that DIY investors don't?[/quote].  
Private equity funds to name one [/quote]

They underperform the market, better off with S&P 500.[/quote]

Not mine. Private credit - 3 top tier funds since 20 dislocation (different vintages). Up btw 35-59%. Best returns in my portfolio last 2 years. It’s fun to dissect the borrowers in their portfolio….really interesting tbh.

But I’ve got over $1m in each of the 3 funds (net worth in 30m range). [/quote]

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