I’m curious about your experiences with wealth managers or financial advisors. How many of you use their services, and in what capacity? What new insights or value do they bring to the table?

I’m wondering if it’s worth considering, or if my current DIY approach with a mix of real estate, 401k, and stocks/indices is sufficient.

Thanks for your thoughts!

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Just add bit of crypto and you are good

likehelpful

Avoid like the plague, so many stories of them steering you to bs stuff. With a little bit of work you can do better and sounds like you already have

helpful

Not sure what the net worth threshold is but at some point the complexity justifies having one… estate planning, tax optimization, business ownership, international legal structures, alternative investments, etc. If you’re just talking index funds, retirement funds, and renting out your old apartment, you can do it yourself.

helpful

I was going to say the same thing, it totally depends on your investment portfolio currently and if it's getting too big for you to manage on your own. At a certain point, people can lose track of things (if you reach that wealth threshold) and then you'd want an expert. But I'd only go to someone who comes highly recommended by people you trust, never go to a complete stranger for this kind of thing

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