Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
CCc - to be honest, the relative comes across as a PITA to any adviser, whether the adviser is well-intentioned or not.
(S)he better have $10 million+ to be even worth dealing with.
Just my impression from this thread of course, so could be totally wrong.
I do get where he/she is coming from, everyone likes to have things their own way, but sometimes that's not available. You can't throw a tantrum at every little thing or it quickly loses its power with whoever is trying to provide good customer service. Focus on the big negatives (1% wrap/SMA fee) not little ones (the whole documen vs first/last page of document.)
s/he didn't throw any tantrum. She would email and then get a call, to which she would ask for the info to be sent via email. There was no transparency. No detail. No documentation.
s/he didn't throw any tantrum. She would email and then get a call, to which she would ask for the info to be sent via email. There was no transparency. No detail. No documentation.
And pee on those little guys who have less than ten mil? Heck, I'll take those customers.
She just sounds high maintenance. Again, I could be wrong.
The wrap is 1% so $10K per $1M per year. To her that should be more important than whether someone demands a complete doc vs 1st/last page of a doc. So relatively the wrap fee should be a bigger concern. It sounds from the description you gave that she is irritated at every little thing.
I am not peeing on anyone, just that the fact of life is that the more money you give to manage, the better service you get. Advisers have their pain thresholds too.
Anyway. I got knowledgeable via a combination of practice and theory - practice in the school of hard knocks investing my money, but also theory by taking the 3 CFA exams and passing all 3 on the first try.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
