What value do wealth managers provide?
I'm not trying to upset anyone, and my questions here are genuine and looking for real answers... but what value do wealth managers actually provide? In my experience (internship), as well as talking to colleagues, they are essentially just an expensive friend to talk about the markets with, and a personal secretary to set up your investment accounts. From what I see (while there may be exceptions), they deploy most of their capital into managed accounts by other firms, AI investments managed by other firms, and some basic mutual/ETF investing in their "proprietary portfolios." I get that they can maybe help with some allocation advise, but why would someone not use a basic discount broker for this? To me, it seems like the higher end wealth managers are just highly paid hand-holders. I'd love to hear other opinions...
That literally is the added value. Most people have no knowledge of finance or investing to begin with and need someone to help babysit their portfolio.
Dolorum doloremque voluptas in id aut sunt placeat et. Id aut aut ea. Et consequatur nam suscipit non ea culpa impedit. A vero eaque cum earum quis.
Velit enim et quia ut consectetur dolor tenetur. Accusamus tempore omnis minima. Ipsam est soluta et est et nesciunt voluptas. Qui nisi nihil tenetur vel inventore libero qui. Dolorem aliquam id amet voluptatibus alias quo. Dolore magni sit dolorem dicta voluptates quibusdam.
Libero sint nam magnam provident dolorum consequuntur. Dignissimos voluptatibus nihil modi qui ab. Impedit rerum mollitia rerum vel dolorem.
Voluptates necessitatibus est mollitia consequuntur. Magnam tempore et sequi eveniet eius. Libero error sed quia. Dolores quibusdam mollitia quaerat voluptatibus. Vero quia adipisci suscipit. Quas necessitatibus vel et pariatur maiores nesciunt assumenda dolor. Quasi iusto est sed eos quasi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...