How much is reasonable for a financial advisor?

[pelagius]

Originally Posted by BYU71

I am not arguing against "modern portfolio theory". I am saying it is one discipline that can be followed, but not necessarily "the" discipline to be followed.

Under certain conditions I might possibly agree with this but before this advice becomes credible one needs to show an actual problem with portfolio theory (and not some over-stylized version of portfolio theory). Of course, you haven't even shown a problem with the overstylized version of portfolio either (you just said you thought it was diversification on steriods which may or may not be a problem).

There are problems with portfolio theory, but nobody has brought any of them up in this discussion.