Comments (15)

Most Helpful
Oct 26, 2018

quit hogging the blunt man

    • 5
Oct 26, 2018

Why is it wack?


Look at all these wannabe richies hating on an expensive salad.

Oct 26, 2018
Oct 26, 2018

I'm not in the industry so wondering what this graph is representing? What's 0.06% and 2.27% representing?

Oct 26, 2018

Passive is computer controlled, active is paying someone to do it. Basically saying, paying someone to do it for you yields significantly lower than having a Vanguard fund.

    • 1
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Oct 26, 2018

Some lawyers get rich by protecting rich people from other rich people

Oct 26, 2018

Ummm...people who do this, OP, are incredibly important to a well-functioning economy. They're allocating capital to the most efficient uses in the economy, which includes companies that need financing to grow.

Oct 26, 2018

I sat on the board of a smaller foundation, and we had to find out how to invest saved up capital (tens of millions. I shit you not, it had been sitting on a savings account up to that - for YEARS - as they had burned themselves 15 years ago on some shitty managed funds).

The process went like this: Hire a consultant, get told which investment firms to use -> contact firm, get in touch with a wealth manager -> Get pitched a couple of mediocre cookie-cutter fund.

You have to understand, the majority of the board consisted of absolutely clueless (financially speaking) people, who were more than willing to pay a nice fat premium for additional hand-holding and 24/7 support/availability.

I suspect this is rampant for similar entities, and is essentially how many people in the industry manage to stay alive (and thrive).

  • ij29824DE
  •  Oct 27, 2018


fucking moron

Nov 1, 2018


WSO's COO (Chief Operating Orangutan) | My Linkedin

    • 2
Oct 27, 2018

No fucking way

Dec 11, 2018

Right. Wealth management companies earn this way. I recently joined Life Long Wealth Management Group as an intern.

Dec 11, 2018