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A comment on Ask the algorithm: Human wealth advisers are going out of fashion. Parent comment

Re:Ask the algorithm: Human wealth advisers are going out of... by tedmiston on Wednesday September 23, 2015 @03:09PM (#10267347)
> People don't seek out financial advisers for asset allocation, they seek them out for the sage advice that they'll offer for big financial decisions they have in life

I've been wondering lately: When is the right time or what are the right circumstances to choose to seek out a human advisor especially with regard to tax efficiency, offshore banking, etc.?

I spoke to one advisor (a friend) who manages HNWIs; he suggested a net worth of $100k-250k is when it starts to make sense. I'm still curious to find a general answer.

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Re:Ask the algorithm: Human wealth advisers are going out of... by poikniok on Thursday September 24, 2015 @01:42AM (#10270030)
Offshore banking with 100k?!? You are off by several orders of magnitude there.
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Re:Ask the algorithm: Human wealth advisers are going out of... by tedmiston on Thursday September 24, 2015 @02:30AM (#10270165)
Sorry, just trying to clarify _some_ of the services they advise about, and when reaching out for that advise starts to make sense -- not suggesting that they're right for every client.
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