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Location: Was Midvalley Oregon; Now Eastside Seattle area
13,080 posts, read 7,527,706 times
Reputation: 9814
Just tell them you have inevitable assets of less than 500.
I told one, "when I needed your services, you wouldn't help me. I gave my business to someone hungrier than you and looked at long-term relationships; He got my business and still has most of my wealth."
Just tell them you have inevitable assets of less than 500.
I told one, "when I needed your services, you wouldn't help me. Some one hungrier than you and looked at long-term relationships; He got my business and still has most of my wealth."
i am surprised by the lack of attempt to gain my business that my dad's financial advisers have made. they are happy to talk when i call but they didnt make much of a pitch and dont reach out to me. when i did reach out to his banker; i was passed along to her "assistant" who is someone that my dad didnt even know who she was. i am taking that somewhat disrespectfully and i dont think my dad was happy when i told him that. ive already impacted a pretty good amount of my dad's money that isnt invested according to their recommendations and its going to grow (and will likely be gone ultimately).
i think part of the reason is because they dont feel that they have enough to offer me to win me over. the money is primarily concentrated in the hands of older people and that is where they are still doing well. i think they will need to adapt or they wont be there for the younger generation.
That I don’t disagree with but they often create more risk and exposure when they believe they are limiting it. They also don’t fully understand what the threat actually is and/or where it’s coming from
It's strictly personal choice. On a million it is *only* $3300. But I want to know what they are doing to earn that money?
I manage my own portfolio. I don't pay for someone to manage it. I have to see a value add.
I actually posted the study in post #11 that goes into the value add. You are undoubtedly making some mistakes or in a kinder format there are things you could be doing better, it’s true with everyone. The study I posted is outlining the value net of fees so it is after fee expenses
It's strictly personal choice. On a million it is *only* $3300. But I want to know what they are doing to earn that money?
I manage my own portfolio. I don't pay for someone to manage it. I have to see a value add.
The value add is for people who have wealth but don't know how to manage money, or who are too busy with work or living their life that they prefer to pay someone to handle that responsibility for them. No different than knowing how to do an oil change on your car but still paying someone to do it every time. If you're more hands on with your finances than most, you will likely not see any value.
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