Amy Baker, Recap Advice · Get Started Investing · Should I add active ETFs to my portfolio? I asked an adviser
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treat each manager in a portfolio as having a distinct “job” (e.g., core passive index tracking, satellite active manager seeking mispricing) and select managers based on the missing job rather than fee alone
“He explained that becoming a minority or passive owner in an asset management firm, a GP, has three distinct benefits… management fee typically around 2% per year… firm typically gets 20% of the profits.”
“I've seen people come to us with 27, 30, 40 ETFs… managing a portfolio that size is, you know, arguably a full-time job.”
“I would call Jeanette’s manager and explain the call… I find that disturbing because it took 50 people behind Jeanette to make her look that successful… I would get a call and say your company’s amazing… I would ask who is your project manager? … I call Susie and her manager and say you did an amazing job.”
“I was in there. And I tell you what, I reorganized that mail room. I wrote the instruction manual. And within three months, they actually did a restructure and I managed to get a job in the restructure as a media advisor.”
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