{ "media_type": "text", "post_content": "How large should your net worth be to engage a wealth manager and have them manage your investments?", "post_id": "5ae12b7f199cc9600c52cd30", "reply_count": 4, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance" }

How large should your net worth be to engage a wealth manager and have them manage your investments?

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Most retail FAs would engage you at $250k liquid assets, preferably non-IRA. It depends on whether or not you have the time and resources to dedicate to managing your own assets. If managing capital gains/loss harvesting, trust administration, paying taxes, donating low basis stock and finding (hopefully) profitable investments requires more time than you have on hand, then it might be time to look for an FA. All that being said, $250k will likely get you the JV team, if you want to work with a real deal advisor you gotta have some dough. Best of luck!

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Ok how much next worth for the "real guys"?

Most cut off at $10MM, but if they see potential growth to that point, they might take you on if you have a couple mil

But if you are early stages having sigfig or mledge also get to work for a few bps is a good start. The UhNW / HNW get handy when you are multi country and more complex asset classes.

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