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Reply to "Why would you pay 1% to a financial advisor?"
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[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” So you don’t know very much about finances?[/quote]
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