People with over $500,000 in investable assets know that it is a common practice to receive heaps of unsolicited mail from financial advisors, planners, and managers that seek to take investment control over your investment accounts. Between 2004 and 2014, the top quintile of hedge fund managers delivered returns of 10.23% to their clients after charging a 2% override on total assets and then taking a 20% fee on gains over an agreed-upon threshold. This is the realistic best-case scenario, and it involves turning every $500,000 invested into $1.3 million ten years later. Most people that outsource their asset management would be satisfied with these results.
Yet, what catches my attention is the everyday opportunities that present themselves to those who go through life with their eyes open to good business deals–particularly those that do not require you to find the right manager that would put you in the top … Read the rest of this article!