What are the pros and cons of these? I like the idea of index funds and it works for me but almost everyone at work who's are much wealthier than me, uses private wealth management instead of doing index funds themselves. I dont know if it's different for them but most of them have over $5m and the CFO has over $25m. I'm guessing they are paying huge fees in the 6 figures per year, and assuming they don't even beat the market.
Why would they use private wealth management instead of an index? Is it because of the peace of mind having someone else mange their money?
Submitted June 11, 2019 at 08:34PM by CoupleClothing http://bit.ly/2XDRVnm
