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Others choose to self-direct their investments because they want to avoid paying fees to brokers and advisors.
There comes a time for many, however, when its not worth it anymore.
Thankfully, modern wealth advisors are adapting to meet the needs of former do-it-yourselfers.
Here are a few reasons former self-directed investors mightbring in a modern wealth advisor.
Newer Wealth Advisory Models Offer Flexibility
Todays digital age has democratized investing.
With zero-cost trading platforms, anyone can trade stocks, bonds or crypto around the clock.
For successful professionals whove built significant wealth through smart decisions, this DIY approach is second nature.
A single overlooked tax strategy or missed opportunity could prove costly.
Unlike traditional firms that insist on managing every dollar, Glassman Wealth offers flexibility.
About half their new clients in 2024 opted for transparent flat-fee arrangements rather thantraditional percentage-based fees.
Many continue to self-manage portions of their portfolios while leveraging a firms expertise for specific needs.
Americans today value their time more than previous generations.
Therefore, its not uncommon for people who have self-directed their wealth for years to seek a wealth advisor.
They might be nearingretirementand want to ease some of the stress and responsibility of self-management.
People who have competently run their wealth for long periods of time are looking for something more.
Glassman Wealth Services purposefully lowered theaverage client loadper advisor to 35 to accomplish this.
It enables its advisors to devote the necessary time and human oversight to inspire stronger confidence from its clients.
When Is It Time To Let Go?
So when is doing everything yourself not worth it anymore?
Maybe your investments and finances have gotten complicated enough that you know youre out of your depth.
With modern wealth advisors, bringing in help doesnt have to be a one-size-fits-all endeavor.
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