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How do I compare to those who use a FA?

Reddit r/investing·u/ivoted23·about 1 month ago
#5ruAy5Nb
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For those who are above $1M and have a financial advisor / wealth management team, what does your allocation look like? And what % are you paying them?

I'm 39 with a family, and I have mine managing a portfolio of $1.8M+. I also have a couple of brokerage accounts that I manage on my own.

My asset allocation they put me in:

Domestic stock - 57.2%

Foreign stock - 28.8%

Bonds - 11.2%

Short term - 2.1%

Other - 0.7%

Their fee is 0.903% - I'm still trying to negotiate that down.

I'm not a fan of how fragmented my portfolio is, with many positions being under 0.05% and have overlap with the ETFs, but I like how they focus on tax avoidance, estate planning, retirement planning etc. I'm wondering if going to a fixed-fee fiduciary for both planning and investment management would be best.

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