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.
Not necessarily. There are RIAs (nationally ranked) that have great track records and charge around 1% a year (this varies depending on how much you invest with them - the more you invest, the lower the fee). They invest in stocks, so no ERs. I will gladly pay 1% to an RIA with a great track record in bear markets and has an excellent return record over a long period. Most have a minimum to invest, but this varies. We plan to use an established RIA for part of our portfolio at retirement. I don't want to be bothered with management decisions - just send us a check.
1% is very expensive IMHO. With my portfolio that would be over $40,000 a year. That covers a lot of necessities and or fun stuff like travel. I can build a bond ladder with the easy to use tools at Fidelity that pays me almost like a pay check. The cost? $1 a bond.
Each to his own I guess.
Today with likes of mgmt companies like the brain power of REBALANCE IRA which get a fraction of a percent and use index funds i can't see spending more for portfolio mgmt
1% is very expensive IMHO. With my portfolio that would be over $40,000 a year. That covers a lot of necessities and or fun stuff like travel. I can build a bond ladder with the easy to use tools at Fidelity that pays me almost like a pay check. The cost? $1 a bond.
Each to his own I guess.
It’s not the asset allocation or fund/asset picking where the fees prove useful but rather the babysitting and handholding most people need to keep from making mistakes when things go wrong
1% is very expensive IMHO. With my portfolio that would be over $40,000 a year. That covers a lot of necessities and or fun stuff like travel. I can build a bond ladder with the easy to use tools at Fidelity that pays me almost like a pay check. The cost? $1 a bond.
Each to his own I guess.
That fee figure is usually scaled, starting @ 1%. However, I've seen advisors who do a lot of hand-holding and have "high-touch" clients that are charge MUCH more. I guess it all depends on what you're looking for and what you need.
mathjak107, would you be comfortable with REBALANCE IRA as a suitable RIA for a couple in a low COL area, annual pension income of $88K (no state income tax), paid for home and vehicles, inexpensive good health insurance, $300K IRA, and the anticipation of another $300K cash in the next few months. We like what we see on their website and would like to consolidate our hodgepod of accounts under one advisor. We are in our late sixties, and we hope we can make these assets take us on out with proper management.
Yes, i think the team at rebalance ira is very knowledgeble and for the fees you get an amazing brain trust
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.
