This is just me, but if I had legal work and deep pockets, I'd hire a lawyer.

>a majority of people think that when it comes to finance they can compete on an equal level with experts who do this every day

>But if your skilled you surely save a ton of fees.

If you are "focused on wealth preservation" rather than "generating high returns", what is the need for skill?

If I won the lottery, and I just sent, say, a $500M check to a regular discount broker and bought an index fund, is someone going to take it away from me? Are the wealth management divisions of every podunk bank and credit union there for a reason? Would I need to hire "protection"?

Warren Buffett famously said he "upon his passing, has directed the trustee for his wife’s benefit to “put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund.”

And Barack Obama reportedly put all his assets in government bonds when he became President to avoid conflicts of interest.

Obviously not everyone takes this sort of simple approach, but some famous examples seem to prove it's possible.