Episode 3 of 6
The Disclosure Conversation
Henry tells Elena about the $45k account. The conversation is not what he expected. She is upset about the secrecy, not the money. They model what happens if they merge the account into their joint portfolio vs. keep it as Henry's individual brokerage with full transparency.
Key Insight
Merging the $45k into their joint brokerage and rebalancing saves $1,200/year in duplicate fund fees and eliminates $3,800 in overlapping positions. More importantly, combining accounts gives them a unified $975k portfolio view — revealing they are 18% overweight in tech stocks.
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