It might be nice if investment attorneys would offer to review your investments in advance for a flat fee. You could pay $2500 a year and run up to 10 potential investments by them. They could give you the lowdown as to the legal and other risks. I don’t know if they would need to be registered investment advisers to do that since they aren’t selling you anything. I think the retail market these days has shown that it needs that. But then there’s the restriction on lawyer advertising, so that people have to rely largely on word of mouth or bar association referral if their family and social networks don’t include lawyers — and that’s most people.That's because this guy provides a valuable service, with sophisticated professional insights, navigating abstruse topics. If there's a tax-shelter of which I'm ignorant, or an alteration in mode of behavior (as an investor or in regular-life) that would substantially save me money, then paying $600/hour is a screaming bargain. But to be told to stay-the-course, diversify, eschew recency-bias and so on, is a nice passel of platitudes, that I can get for free, right here on this forum.one of my clients is a advanced planning and tax shelter attorney in Chicago. he bills out at near 600 an hour. we spoke about financial planners before because they have to communicate with them and he calls them crooks which is kind of funny. ..
The reasonable fee, for being told what I already know, is $0.
Statistics: Posted by AnnetteLouisan — Thu Jun 13, 2024 6:32 pm