Trust your Financial Advisor. But verify. Hold them to scrutiny.
Large wealth management firms, Private Banks, many RIAs charge 1%-2% AUA fees. In other words, they destroy 30-40% of returns on your capital every year!
- A 2% annual fee, off a typical 6% annual portfolio diversified portfolio return detracts 30% from what your capital earns!
- A typical 0.5% inefficient asset allocation further detracts 8.3% -10%!
Let ActiveAllocator, a startup built by MIT engineers and economists, help you out.