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Perhaps discussed before, but I'm too lazy to look back. The scenario is not for you do it your selfers, rather those who work with a financial advisor:
It appears the trend for FAs is into the world of managed accounts vs choosing a mutual fund portfolio for a commission. For example, you can hire an FA to create a portfolio of A shares at a 5% upfront charge with some relatively low expense ratio ongoing vs going into a managed portfolio where you have an almost hedge fund like approach that constantly manages risk daily and positions the entire portfolio for the current environment and charges a somewhat higher annual % based on assets invested with no load.
This seems like a good idea based on the current economic climate, where simple indexed funds may not be able to seek out returns in a higher volatility environment.
I'm omitting a lot of details out of laziness, but those who are familiar will know what I'm talking about. Pros and cons of this approach?
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