1888: Honey, I Fired the Wealth Manager by Barney of The Escape Artist on Taking Control of Your Own Investments
Optimal Finance Daily - Financial Independence and Money Advice
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The Cost of a Financial Adviser
Most people think they're hiring a financial adviser or wealth manager in order to stand a better chance of beating the market. This is like a race horse owner hiring a bigger jockey to improve performance. Your portfolio is now less likely to keep up with the other horses in the race, more likely it will fall at one of the hurdles or finish last. Any financial adviser paid a percentage of funds under management has a huge incentive to gather assets and keep the client in state of dependence on the adviser. If you don't know how much that is, a specific number of pounds, zuros, dollars, you're paying in fees, that is a clue that you're being as warren
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