I don&#x27;t think this is true at all. If you consider &quot;investment advice&quot; to be as simple as &quot;here is what your target allocation should be based on your risk tolerance, so let me just call up the trading desk and have them execute the orders to get you there&quot;, then sure.<p>When you pay for &quot;investment advice&quot; at the $50 million net worth price tier, you&#x27;re paying for access to private equity deals, real estate investment opportunities, a tax advisor who can tell you how to be structure a deal abroad, etc. It&#x27;s not as simple as plugging in your salary and age into a webpage and having a robot buy and sell stocks for you.