Why get a financial advisor?
Ok, so the thing is, a substantial portion of the financial advisors out there are wolves in sheep’s clothing. High fees, conflict of interest, closet indexing, you name it.
So, isn’t picking a financial advisor or a asset manager, akin to stock picking? I.e. it is nigh impossible to tell the good from the bad at an early stage?
And, given that an individual armed with just a discount brokerage account can build a well diversified G-FAP portfolio using just four ultra low cost ETFS.
And that anyone with high school math can do their own annual rebalancing.
Why should anyone take the uncompensated risk of hiring a financial advisor or asset manager ?
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