Hi folks,
Based on my research and based on my situation, I am planning on opening a separately managed account(SMA). I expect to benefit from the stock-level tax loss harvesting compared to using ETFs, even after fees.
Most SMAs (Blackrock, TROWE, etc) require a separate financial advisor (typically with 1% fees) even though the SMAs themselves charge the financial advisor .50%.
Fidelity has index-fund based SMAs that start at .65% (and less for larger portfolios) - (this thread for more details: viewtopic.php?t=302805).
Wealthfront is also interesting at .25% fees but you can only use their standard portfolio which doesn't work for me.
Is anyone else familiar with SMA options lower than 1% fees besides these two options?
Separately Managed Account (SMA) with less than 1% Fees?
Re: Separately Managed Account (SMA) with less than 1% Fees?
I did some quick googling on SMAs and I just don’t get it.
Seems like a lot of cost for so-called “professional management” of TLH. But of course, most of us here on BH are DYI type investors.
Seems like a lot of cost for so-called “professional management” of TLH. But of course, most of us here on BH are DYI type investors.
It's not an engineering problem - Hersh Shefrin | To get the "risk premium", you really do have to take the risk - nisiprius