Some of the best investors I know don’t believe you need financial advisors or asset managers. Unfortunately, “you don’t need me” isn’t a good business idea even if it is true. There are no Gods of investing and there are no real secrets left. If you want to build wealth, there is more than enough information out there to self-educate. Teaching is an underpaid profession partly because it genuinely solves the problem. It empowers people to be self-sufficient. Good business ideas require the person to be an ongoing part of the problem solving. To create a Pantheon of chosen ones for mortals to put their faith in. Content creation also struggles (thanks social media) because there are plenty of people willing to share Zeitgeist ideas and knowledge for free. Even if you are just sipping on the collective tasters. Money is made in containers. That is what Asset Managers charge for. The Illusion. The protection. The due diligence of the machine that backs the process. The Custodians, Lawyers, Auditors, Compliance Officers, Administrators that turn a simple process into the shining land of Oz. That, you can’t do yourself. Obviously, there is a difference between being able to do something, and actually doing it. Consistently. That is what you are paying for. Paying to outsource your saving discipline.
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