It does eat into your pie, but not sure it equates to a "TON" if the service being provided has value to the investor. 25bps still lands one in the lower level of pies with lower associated administrative wrap fees + expense ratio costs...25bps adds up to a TON of money over 30 yearsThis is a bad take. 25bps to turn the average joe into a boglehead holding essential VT + BND in one "account" that manages all three tax buckets in a tax efficient manner, calculating if they are on or off track with their retirement goals in an inflation and tax adjusted manner, doing tax loss harvesting, and a glide path for the entire thing. It's essentially a TDF 2.0. 25bps won't change anyone's retirement goals. Oh and it calculates and distributes their withdrawal strategy with almost perfect success. And all they have to do is turn on auto deposits.Robo advisors are a rip off. For any tax advantaged account just use a target date fund if you want to go that route.
Really bad take.
It's the top row that we all want to vacate.
CyclingDuo
Statistics: Posted by CyclingDuo — Fri Aug 16, 2024 6:20 am