+17 @TakingItPeasy Depends on the level of wealth. I.e. if you won tomorrow's powerball 467mm --> about 100mm after lump sum and all taxes paid - state dependant. At that level it's ultra high net worth a few times over which gives almost every option. I would hire a family office / sfo. No I would not be overly fee conscious as now I can afford not to be. If I couldn't get over my thriftyness then I would go to a private wealth management team at Morgan Stanley where some groups are willing to negotiate the fee of managed money equity assets down towards their fee sharing level, and would have them manage fixed income transactionaly for further cost reduction. Just have to spend a few months assessing and setting up your team of financial, legal and tax. Then, off to enjoy the world.