We Moved $50M to Schwab and Saved $500K Annually. Here's What We Learned.

There's no rating service for wealth managers—but there should be. This is the first of many candid stories from high-net-worth individuals who've evaluated their wealth management choices and lived to tell the tale.

If you've ever questioned whether your wealth manager is actually worth the fees, you're not alone. But unlike mutual funds, there's no transparent rating system for evaluating wealth managers serving high-net-worth families.

We spent five years with a respected wealth management firm—the kind you see in the Forbes rankings. Smart people. Professional outfit. Then we did the math. The difference in fees was material: over $500k annually.