Comments on Where the Pros Stash Their Own Dough, Part 2TypePad2005-11-01T19:36:00ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2005/11/where_the_pros_/comments/atom.xml/Duane Gran commented on 'Where the Pros Stash Their Own Dough, Part 2'tag:typepad.com,2003:6a00d83451bcbd69e200d8346008db53ef2005-11-02T15:55:32Z2007-04-25T09:34:53ZDuane Granhttp://duanegran.com/blog/I believe there is a point of advantaged return where the 1% fee to a financial planner is peace of...<p>I believe there is a point of advantaged return where the 1% fee to a financial planner is peace of mind and frees up the investors time in a more profitable way. I'm not sure where that inflection point lies, but I would guess it is in the several million dollar amount. This might make a good topic for discussion on FMF.</p>collecting wealth commented on 'Where the Pros Stash Their Own Dough, Part 2'tag:typepad.com,2003:6a00d83451bcbd69e200d8345ff98053ef2005-11-02T01:57:11Z2008-08-28T06:21:02Zcollecting wealthhttp://collectingwealth.blogspot.com/The thing about these people seeking professional management for their fortune is because when the asset reaches certain size, it...<p>The thing about these people seeking professional management for their fortune is because when the asset reaches certain size, it becomes a full time job to manage it. It's not about financial planning, it's about portfolio management, the day-to-day grind of it. I am pretty sure if I have a couple of million in my account, I would either quit my job and manage that money actively, or send all the money to the direction of my money manager.</p>