I don't prefer PMS structrue either but saying that managing your own money is the way to riches, is not right.
I don't know one CXO of a big company who manages his/her own portfolio.
They all focus on their job/biz to make more salary.
The only way to become rich is to make more active income, not optimising your portfolios.
Yes, you should know the basics and keep yourself updated.
But professionals' work should be left for professionals.
Guys, don't be stupid. PMS are one of the best products to destroy your wealth.
Saurabh Mukherjea has been a poster child for this. Google him.
I am an HNI. And, I can tell you with experience that the best way to make solid money is to learn how to manage your own money.
Yes, you will make mistakes along the way.
But, you will learn and improve.
Every investment you make, compounds your investment knowledge.
If you simply outsource wealth management, you become a brain dead, rich people.
Such people are dream clients for PMS guys.
Don't fall in that trap.
Every rich person who stays rich, knows how to manage his/her money.