So far the reddit consensus seems to be that with such lackluster performances and high fees, wealth management is not worth it. … Wealth managers don’t beat the market and the performance isn’t sustainable. The fees are too high even if your portfolio beat the market.
One may also ask, what do wealth managers do Reddit?
They review your asset allocation and manager selection, sure, but they also review all your property and casualty insurance, your disability coverage, your estate documents, your tax projections, your charitable inclinations, your life insurance needs, etc.. they don’t just look at investments like a lot of “Wealth …
Beside above, are managed portfolios worth it?
While managed portfolios make sense for many investors, they’re not for everyone. Some investors may prefer to design their own portfolio and play a more active role in managing their portfolio. A managed account may also not make sense for investors who are completely risk averse and thus prefer savings options.