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[quote=Anonymous][quote=Anonymous]We pay 1%.  [b]They also have access to funds that are not readily available to the public.[/b]

We don't want to spend time on managing our funds.   My spouse had hired a FA to manage their portfolio. I resisted.  Years later, theirs was doing better than mine, and I could not buy the same funds that they had. So, I switched.

We have about $3mil.[/quote]

You don't want or need funds not available to the public. These funds are high fees and lower returns in the long run. You are getting bamboozled. The big banks and brokerage firms are for people that do not know any better.

Did you read Jazon Zweig's article this weekend in the WSJ?

You are dealing with a salesperson that is putting you into cookie cutter portfolios.

Rule #1 - do not hire a FA to manage your portfolio. They are spending a few hours a year looking at your account and getting paid $15,000 per hour. For

Hire a financial planner that will help you with your entire financial life.

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