cardude man

Comments:

• I would say it depends. My elderly mother and my sister both use the same advisor who charges a 1% wrap fee. They have used this advisor for many years, and both feel like the service they receive is pretty much worth the fee. My mom grumbles about it at times, but she doesn’t want to actively manage her fairly complicated (especially around tax time) portfolio anymore so she just sucks it up and pays the fee. My sister has little interest in things financial, so she is fine with paying the fee. Conversly, I have always enjoyed managing my family’s financial accounts, and since it has become more of a hobby/obsession for me, I would never consider paying a wrap fee. I do wonder at times if I should let a good advisor take a peek at our financial setup to look for possible problems. Maybe I will do that one day.

  Post: Is a good financial advisor worth 1% of assets per year?

  Link to comment from July 29, 2023

• My goodness, that’s a serious success story. I feel pretty lazy and entitled in comparison, growing up in my middle class household with all the hidden (to me at the time) benefits. Is it harder to immigrate to the US now than it was when you did it?

  Post: Come a Long Way

  Link to comment from July 12, 2023