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Reply to "Why would you pay 1% to a financial advisor?"
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[quote=Anonymous][quote=Anonymous]My advisor is a fiduciary and worth every penny (under 1%). He outperforms my own attempts at investing so he basically pays for himself. Tax loss harvesting as others have mentioned is something I don’t even understand but one year I had huge gains but losses on paper. It was like magic, I have no idea how they pulled that off. Mine also has an in-house CPA and estate lawyer whose services are included as part of their fees. I’ve been very pleased. [/quote] Sounds risky to be signing tax returns that you “don’t even understand.” I don’t think the, “it was like magic “ defense will hold up in court. [/quote]
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