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I recently received what will be about $6M after taxes. Everything I've read to this date seems to point to the fact that passive index investing is the way to go, and I'm fairly convinced of that. However, I'm wondering if b/c of the size of my assets, if a full service firm is the way to go. Regardless, I fully intend to seek a tax adviser, estate planner, and even a financial planner. However, the financial planner I would like to seek would be on a fee only basis (either hourly or I'd be willing to accept it being a small portion of portfolio <= 0.1%) to help with asset allocation among indexes. And if it matters, I'm not retiring and dependent on the income for at least 20+ years, and therefore investing long term. I'm also ready and willing to put in the extra time to manage my investments and coordinate the advisers (though since I'm investing passively, that should hopefully not be too time consuming).

So basically, am I a fool NOT to use a full service firm given the size of my assets? I've heard they have investment strategies available for large accounts that may make it worth their premium (to which I would say BS, but I read that from a respectable source).

Thanks in advance for your thoughts!
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