[Sniper]

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Almost no one with that kind of asset base should be working with just one advisor. You should have at least a couple of different advisors pursuing different strategies. The basic questions of where the money should go will depend on your goals, liquidity and tolerance for risk. You have to understand that properly investing a sum of money this large involves lawyers, accountants and advisors working together for which they are typically paid a fee as a percentage of assets. [...]

So basically hire someone. A DFA planner is an excellent start, but I would divide your investable assets between at least two separate advisors who are aware of what the other advisor is doing, but operate separately.

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I really don't understand this. If he hires a DFA planner, and has a balanced and globally diversified passive portfolio, with a risk tolerance suiting the income goals, and basically owning every stock in the world, tilted towards small and value stocks, why would you need another advisor?

-Tom

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For one, as he mentioned, with 35mil, he should be diversified beyond funds, and even individual stocks. He should be looking at tax shelters, real estate, hedge funds, etc.

Two reasons to have more than one advisor, would be to not only have a check and balance system, but also to have more ideas & better access to private placements, or other special investment opportunities, should he choose to pursue them.