I had read the WSJ by Jason Zweig who titles his column The Intelligent Investor.
The arguments in the financial market as to employing wealth managers vis a vis utilizing an Index is ongoing including Nobel winners. S&P 500 has beat Warren Buffet for the last few years but then most people are dealing in small amounts compared to Buffet but then we small investors can thank the Fed with its QE.
I do not use a wealth manager so I am not aware of what they charge or what they earn for their investors.
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