Hacker News new | ask | show | jobs
by BrianEatWorld 3992 days ago
This is why I switched to Wealthfront.

I inherited an actively managed Morgan Stanley portfolio which has fees around 2-3% annually. I initially looked at managing everything myself, but didn't want to have to worry about all the finer points of managing one's own account. I may be losing the additional half of a percent, but in my mind, I am gaining far more.

1 comments

There are also degrees of self management. You can see how the robo-advisor splits your money and with just a bit more work open a brokerage account and do the same split with the same funds (or very close). Then you just do buys once/month or quarter. Many of the ETFs used are also commission free at many of the brokers.