With respect to fees, I was wondering the additional value provided by the financial planners. For example, for a $1 million portfolio, the financial planner charges 1% or $10,000. For a $2 million portfolio the fees are $15,000. Now the financial planner provides the same services whether the portfolio is $1 million or $2 million. So my question is what additional value does the financial planner provide for the extra $5000 in fees? I have never received a decent answer from any financial planner. Thanks
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With respect to fees, I was wondering the additional value provided by the financial planners. For example, for a $1 million portfolio, the financial planner charges 1% or $10,000. For a $2 million portfolio the fees are $15,000. Now the financial planner provides the same services whether the portfolio is $1 million or $2 million. So my question is what additional value does the financial planner provide for the extra $5000 in fees? I have never received a decent answer from any financial planner. Thanks
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