In contemplating whether to be a do-it-yourself investor, say in a simple
Vanguard index portfolio, or a more rigorously devised DFA / ETF / index fund portfolio set up and managed by an investment manager, what is the added value that one gets for say 0.75% annually, or even 1.0% annually? Does a simple Vanguard buy and hold portolio of a few core asset classes come out ahead or behind in your opinion?
Merriman's service costs 1.0%. Others vary. Had I assets enough to meet Rick Ferri's minimum I'd go that route. AssetBuilder is cheaper but I hear very cookie cutter. Talis Advisors of the Dallas area charges 0.85% and has rave reviews in some quarters. Some seem to emphasize more of a set plan with some rebalancing, others a more rigorous rebalancing and tax loss harvesting approach using strictly DFA core funds. I'd be interested to hear comments.
Vanguard index portfolio, or a more rigorously devised DFA / ETF / index fund portfolio set up and managed by an investment manager, what is the added value that one gets for say 0.75% annually, or even 1.0% annually? Does a simple Vanguard buy and hold portolio of a few core asset classes come out ahead or behind in your opinion?
Merriman's service costs 1.0%. Others vary. Had I assets enough to meet Rick Ferri's minimum I'd go that route. AssetBuilder is cheaper but I hear very cookie cutter. Talis Advisors of the Dallas area charges 0.85% and has rave reviews in some quarters. Some seem to emphasize more of a set plan with some rebalancing, others a more rigorous rebalancing and tax loss harvesting approach using strictly DFA core funds. I'd be interested to hear comments.