I just got off the phone with my wife's family's...I don't know what to call them...Wealth management people? Bernstein. Sounds like they're a huge firm with high minimums for clients, and the only reason they're talking to me is because of who my father in law is. I'm wondering whether there's an advantage to going with a group like this and what sort of benefit I'd see over SPY all the way. They told me in their sales pitch they determine asset allocation and they have great research blah blah etc, then have what sound like their own mini funds and at a higher level REITs available only to high net worth clients. No crypto exposure, no nft's.
This all seems extremely old school and outdated. Am I missing something? They have my wife 30% bonds in her early 30's, which seems...short sighted. They couldn't give me a straight answer on how they do compared with a passive index fund
Submitted November 16, 2021 at 11:51AM by Huskidoc1 https://ift.tt/3qJBdEC
