I've got about $20 million in assets under management, and honestly, I'm starting to question if I'm throwing money away. Every year I'm shelling out around $126K in fees to my wealth managers—that's not a small number by any standard. But here's the thing that's really bugging me: they haven't made a single meaningful adjustment to my asset allocation. We just keep rolling with the same playbook year after year.

The bigger question? Am I actually getting what I'm paying for, or am I just padding someone else's bottom line? When you're paying that kind of capital to professional managers, you'd think there'd be proactive rebalancing, strategic shifts based on market conditions, or at least some documented reasoning for holding the course. Instead, it feels like I'm writing checks for a service that's basically on autopilot.

It makes you wonder what real value looks like in wealth management. Are these annual fees justified by actual strategy adjustments, or is the industry just banking on clients not asking the hard questions?