Quote:
Originally Posted by bizaro86
I think its unfortunate that these services are generally bundled with portfolio management.
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Are you saying you want those services but not the portfolio management?
I see where you're going, but I don't agree. While it is very difficult to 'cover' the fees from good portfolio management alone, the fact remains that professionals are going to (or should) do a better job of it than a non-professional. They have more tools at their disposal.
But more importantly, it is the combination of all of it together that makes sense. The portfolio should be managed in a way that is complimentary to, and consistent with, the wealth management strategies and goals.
Also, if you separate them, people won't pay for wealth management until they think they need it, which is usually too late.
The best approach is a consistent plan that remains on track over the long term. The best way to achieve that is a fully bundled set of services.