@BobKamman said What I don't understand is how these people who "manage" your assets for a percentage of your net worth, encourage people to reduce their estate by 25% before they even get started.  

…over the last 5 years, I’ve reported 2 FAs to FINRA,  One funded an annuity for a 79 YO woman by selling 500k of blue chips that she had inherited in 1985.