Firstmetric

Great short article...
"That’s why cost is such an effective first-stage screen in selecting investments: Not only do lower-cost investments save money, but they also keep the four horsemen at bay, thus upping the odds of investor success."
https://www.morningstar.com/articles/1092496/the-four-horsemen-of-investing Morningstar, Inc.

The Four Horsemen of Investing Corral these risks to improve the odds of investor success.

I always find human emotions interesting - when the stock/bond markets have gone down like they have YTD, many people find it hard to invest new cash - but when the markets were at all time highs people could not wait to get new cash invested. Just invest when you have new cash!

I never liked the terms "comprehensive financial planning" or "holistic planning" or life planning". No one knows what they mean. Heck...even advisers can't even agree amongst themselves what they mean - so how should non-advisers expect to understand these terms & services?

Great short article including the views of Scott Salaske, CEO of Firstmetric...

Schwab Plans April Debut of 'Personalized Indexing' Charles Schwab's direct indexing option will start with three indices, tax management and daily attention, and be available to advisors, the custodian announced.

I just looked at fee schedule for an RIA (Registered Investment Adviser) that gets a lot of media coverage (who knows why) & they charge clients 1.25% AUM for the first $2million in client assets.

Serious question...
Client with $1million pays $12.5k/yr & client with $2million pays $25k/yr - why? There's no extra work for a client who has $1million in assets and a client who has $2million in assets.

No wonder the public is confused!🤮

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