Anonymous
02/07/2026 12:12
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We had someone managing our money before we even hit $1 million. At about $2.5M I decided to do it on my own, then realized I wasn't actively managing anything--more just watching. My husband is completely uninterested in money, so I couldn't count on him.
A couple of years later I signed on with a wealth management firm that also manages my mother's money. While I hate the .08% fee, I love the personalized attention when it comes to taxes and retirement planning. And we're up quite a bit.
Are you sure .08 percent is correct? Do you actually mean .80 percent?
If it's .08 percent, please say the name. Our extended immediate family has about twenty million collectively and our fee is .45 percent. It's supposed to be a lower percentage the higher you go in assets
You are getting a decent rate at 45 basis points for 20 million. I have to think the PP is paying 80 basis points for the 2.5 million which is a very good rate for 2.5 million.
I'm the PP and I meant .8, not .08. My bad. Sorry to get everyone excited.
Anonymous
02/07/2026 11:51
Subject: How much money before you stop managing and hand off to a wealth management firm?
OP
re: the private equity offerings
There have been several articles in the WSJ about accessing private equity offerings. They appear to go to those that are ultra high net worth and also very connected.
I would question if you want to avoid stress and anxiety why you would even consider the private equity offerings? According to the last article there also seemed to be pretty big fees associated for the average man/woman to access the private equity offerings.
re: the private equity offerings
There have been several articles in the WSJ about accessing private equity offerings. They appear to go to those that are ultra high net worth and also very connected.
I would question if you want to avoid stress and anxiety why you would even consider the private equity offerings? According to the last article there also seemed to be pretty big fees associated for the average man/woman to access the private equity offerings.
Anonymous
02/07/2026 11:37
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:Anonymous wrote:We had someone managing our money before we even hit $1 million. At about $2.5M I decided to do it on my own, then realized I wasn't actively managing anything--more just watching. My husband is completely uninterested in money, so I couldn't count on him.
A couple of years later I signed on with a wealth management firm that also manages my mother's money. While I hate the .08% fee, I love the personalized attention when it comes to taxes and retirement planning. And we're up quite a bit.
Are you sure .08 percent is correct? Do you actually mean .80 percent?
If it's .08 percent, please say the name. Our extended immediate family has about twenty million collectively and our fee is .45 percent. It's supposed to be a lower percentage the higher you go in assets
You are getting a decent rate at 45 basis points for 20 million. I have to think the PP is paying 80 basis points for the 2.5 million which is a very good rate for 2.5 million.
Anonymous
02/07/2026 10:42
Subject: Re:How much money before you stop managing and hand off to a wealth management firm?
I’ve only been investing out of 401k for a few years, mostly in low cost Vanguard index funds often recommended on investor forums.
Based on a few years of tax returns, I can’t imagine how I’d even come close to breaking even putting my assets under management. Yeah, I’m probably paying a few hundred more in taxes than I could be. But it’s still less than the advisor fee, and I’d be paying that fee regardless of whether I have dividends or capital gains or not.
Granted I only have a few hundred thousand in the market, and many years to go. The numbers might make more sense in the millions and when I have to start cashing out. But for now VTSAX and chill seems to be working best for me.
Based on a few years of tax returns, I can’t imagine how I’d even come close to breaking even putting my assets under management. Yeah, I’m probably paying a few hundred more in taxes than I could be. But it’s still less than the advisor fee, and I’d be paying that fee regardless of whether I have dividends or capital gains or not.
Granted I only have a few hundred thousand in the market, and many years to go. The numbers might make more sense in the millions and when I have to start cashing out. But for now VTSAX and chill seems to be working best for me.
Anonymous
02/07/2026 07:12
Subject: How much money before you stop managing and hand off to a wealth management firm?
What do you mean it grew about percent in last 4 years? I read that sentence several times.
Why is it all over the place? Stop playing with it.
This was so much money that all you had to do it stick it into a few ETFs and then sell some when you are done working. Barely any tax to be paid.
Why is it all over the place? Stop playing with it.
This was so much money that all you had to do it stick it into a few ETFs and then sell some when you are done working. Barely any tax to be paid.
Anonymous
02/07/2026 06:03
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:.8 percent of 2.7 million is over $21,000 a year.
No way would I pay anyone that amount of money per year. What decisions are they making that are worth that?
I belong to the Bogle philosophy of buying and holding, long term, diversified mutual funds. It’s not rocket science. If I need specific advice, I can hire fee-only advisers for a per hour rate through the Garrett Planning Network
I did try a wealth manager for a while, but after a few years of paying them gobs of money while they did not do much of anything, I realized that I was losing a huge amount of money—because I was losing thousands in fees that should have been compounding as part of my investments.
Yes, we've done the math. The firm has saved us more than that in bad decisions. But you do you.
Anonymous
02/07/2026 03:27
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:We had someone managing our money before we even hit $1 million. At about $2.5M I decided to do it on my own, then realized I wasn't actively managing anything--more just watching. My husband is completely uninterested in money, so I couldn't count on him.
A couple of years later I signed on with a wealth management firm that also manages my mother's money. While I hate the .08% fee, I love the personalized attention when it comes to taxes and retirement planning. And we're up quite a bit.
Which firm?
Anonymous
02/06/2026 21:14
Subject: How much money before you stop managing and hand off to a wealth management firm?
Vanguard posts their fees on line:
https://investor.vanguard.com/wealth-management/personal-advisor-wealth-management?msockid=044a77ede27a655704fe6121e3f164ba
You would pay .1% for a managed account with 10 million to invest.
Fidelity and Schwab also have high net worth divisions.
Look long and hard. It really is all about the basis points (fees charged.)
https://investor.vanguard.com/wealth-management/personal-advisor-wealth-management?msockid=044a77ede27a655704fe6121e3f164ba
You would pay .1% for a managed account with 10 million to invest.
Fidelity and Schwab also have high net worth divisions.
Look long and hard. It really is all about the basis points (fees charged.)
Anonymous
02/06/2026 19:08
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:At some point, managing my own money became more stressful than I want it to be. The big issue is taxes. Selling and facing capital gains and selling to take losses creates a lot anxiety. I have too much in U.S. equities etc. I don't want to worry about it any more. I'm at least 20 years from retirement and have about $8 m invested. Money came from a windfall legal settlement that has grown about percent in last four years. About half in index funds, but i took a beating in REITS offset by big tech wins.
With a $8m portfolio and advisor would charge you close to $80k a year.
Are you ok paying that much?
Do it yourself.
Anonymous
02/06/2026 17:30
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:Im OP and this is really where I am:
"you don't need to crowdsource this. You find it stressful. Hire an advisor."
It's not just the tax stuff. It's worrying about the market. It doesn't interest me enough. I'm someone who provides advice to people in my real job andI know that I'm at a point where I want help.
thanks
You could get advice once a year for 1-2k and then do whatever they say. You don’t have to pay some percentage of your investments for it to be managed. That is throwing away money for zero reason.
Anonymous
02/06/2026 15:11
Subject: How much money before you stop managing and hand off to a wealth management firm?
.8 percent of 2.7 million is over $21,000 a year.
No way would I pay anyone that amount of money per year. What decisions are they making that are worth that?
I belong to the Bogle philosophy of buying and holding, long term, diversified mutual funds. It’s not rocket science. If I need specific advice, I can hire fee-only advisers for a per hour rate through the Garrett Planning Network
I did try a wealth manager for a while, but after a few years of paying them gobs of money while they did not do much of anything, I realized that I was losing a huge amount of money—because I was losing thousands in fees that should have been compounding as part of my investments.
No way would I pay anyone that amount of money per year. What decisions are they making that are worth that?
I belong to the Bogle philosophy of buying and holding, long term, diversified mutual funds. It’s not rocket science. If I need specific advice, I can hire fee-only advisers for a per hour rate through the Garrett Planning Network
I did try a wealth manager for a while, but after a few years of paying them gobs of money while they did not do much of anything, I realized that I was losing a huge amount of money—because I was losing thousands in fees that should have been compounding as part of my investments.
Anonymous
02/05/2026 17:40
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We had someone managing our money before we even hit $1 million. At about $2.5M I decided to do it on my own, then realized I wasn't actively managing anything--more just watching. My husband is completely uninterested in money, so I couldn't count on him.
A couple of years later I signed on with a wealth management firm that also manages my mother's money. While I hate the .08% fee, I love the personalized attention when it comes to taxes and retirement planning. And we're up quite a bit.
yep. And the firm has access to some funds that the general public does not.
DH got one long before he hit $1mil. I decided I was going to manage it on my own. His investments grew faster than mine. I just didn't have the time or energy to spend time on it. People who do that for a living do have the time.
We now have about $3.7mil with the firm. They've done well for us. Even my kids are using them, LOL.[/quote
Mea culpa. I said .08% when it is actually .8%. And we currently have $2.7M with the firm and growing fast. Our daughter, who has a much smaller portfolio, uses them also. I love that they're intimately familiar with my mother's estate, our estate and now our kids' accounts, and are taking all of that into account when advising us. It's not just money management--it's one-stop shopping for taxes, retirement, insurance, etc.
Mea culpa. I said .08% when it is actually .8%. And we currently have $2.7M with the firm and growing fast. Our daughter, who has a much smaller portfolio, uses them also. I love that they're intimately familiar with my mother's estate, our estate and now our kids' accounts, and are taking all of that into account when advising us. It's not just money management--it's one-stop shopping for taxes, retirement, insurance, etc.
Anonymous
02/05/2026 17:40
Subject: How much money before you stop managing and hand off to a wealth management firm?
Anonymous wrote:Anonymous wrote:We had someone managing our money before we even hit $1 million. At about $2.5M I decided to do it on my own, then realized I wasn't actively managing anything--more just watching. My husband is completely uninterested in money, so I couldn't count on him.
A couple of years later I signed on with a wealth management firm that also manages my mother's money. While I hate the .08% fee, I love the personalized attention when it comes to taxes and retirement planning. And we're up quite a bit.
yep. And the firm has access to some funds that the general public does not.
DH got one long before he hit $1mil. I decided I was going to manage it on my own. His investments grew faster than mine. I just didn't have the time or energy to spend time on it. People who do that for a living do have the time.
We now have about $3.7mil with the firm. They've done well for us. Even my kids are using them, LOL.[/quote
Mea culpa. I said .08% when it is actually .8%. And we currently have $2.7M with the firm and growing fast. Our daughter, who has a much smaller portfolio, uses them also. I love that they're intimately familiar with my mother's estate, our estate and now our kids' accounts, and are taking all of that into account when advising us. It's not just money management--it's one-stop shopping for taxes, retirement, insurance, etc.