Douglas Gill
Douglas Gill
business last lost several street wall
Wall Street has lost business to fee-based advisers in the last several years.
fee incentive includes investor manager money pay run separately
Typically, in a separately managed account, the fee that you pay as an investor includes transaction costs, so there's no incentive for the money manager to run up transactions on you.
moving parts require somebody
There can be more moving parts to them. It does require that somebody keep up with it.
control inside separately tax
There's better tax control inside a separately managed account.
buy discretion front full honoring implement outside sell specific whatever
Outside of honoring those specific instructions that you implement on the front end, they have full discretion to buy and sell whatever they see fit.
financial individual investor job marry money needs proper strategy tolerance unique
The financial adviser's job is to marry up the proper money manager's strategy with your unique individual needs as an individual investor and your tolerance for risk.