Quote:
Originally Posted by dewilson58
These threads are becoming dog poop threads.........kind'a silly.
$40k to $60k in fees are nothing on a $100mil portfolio.
$40k to $60k in fees are painful on a $1mil portfolio.
"In my experience....." 
Thank you Mr. Obvious:
" Most of these investment advisors have 1 main goal, and that’s how can they make money. Your goal is the same, how can I make the most money on my investment dollars?"
" The most beneficial way to handle investments IMO is for you to learn how to manage your money yourself, or learn enough to know when an advisor is worth the money you are paying him."
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If you calculate what an advisors fee will be on your investments, you will be surprised what you have paid over a 10 year period.
Let’s make it simple: most advisor fees range from .7% to over 1.5%, so let’s take 1%. If you had $1M in investments, your cost for the fee is $10,000 per year, $3M in investments is $30,000 in fees per year.
Now if you had a $100M portfolio, you would be spending a little more than $40-$60,000 a year, you will be spending $1M a year in fees.
My point in this post was to share what your expenses might be hiring an advisor over a 10 year period of time on a portfolio that you spent decades building up. $500,000 (even if it is only $100,000), in advisor expenses over a 10 year period is a lot of money.