Anyone work with a wealth manager? Is it worth it?

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Yes. She's my wife as well. Money goes into an account, purses appear later. Works great!

But in all seriousness yes, my wife is at Morgan Stanley Wealth Mgmt and it works well for us. I feel like she adds value to her clients. 🤷🏻‍♂️

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Do you have net worth over 10mil?

Yes if the cost is justifiable.

Look at the fees. I use one, but only reason I can justify it is my fees are lower than what I’d see on my own as my parents and other family all use same advisor and we’re all under same umbrella to lower our fee structure. This is quite normal for a wealth management arrangement. I wouldn’t do it unless the fees were 1% or less annually.

Absolutely, yes! It's not just about how to invest your $ and chase the highest return for the lowest fee. It's about having a short, medium and long term plan for you as a person (or couple or family). Allows me to sleep at night when the economy is rocky and also I know just how long I need to keep working to have/do all the things I want.

Make sure you understand how they get paid. And make sure they have your best interest. Most I’ve met out there are salespeople. Like EY1 said, there may not be a need for wealth management under a certain threshold.

I don’t have one - to answer your question.

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