Tactic
Skip the wealth advisor under $10M — DIY index funds
The subreddit's general sentiment, which Sam agrees with: if you're worth under $10M and aren't doing complicated estate moves, paying an advisor 1% is crazy. A young person can put 85-90% in a Vanguard total market fund and the rest in bonds/cash and be fine.
“I think you could be pretty aggressive and put 85 to 90% into a Vanguard total market fund and the rest in some general bonds and cash mix and not really work that hard at managing your money and not have a wealth advisor. And I think you'll be totally fine.”
Steal thisIf you're under ~$10M with simple finances, skip the 1% advisor — put 85-90% in a Vanguard total market fund and the rest in bonds/cash.
mfmindex.com№ 0000-0