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I keep good-sized chunks at TD Ameritrade, Vanguard, and Fidelity; I keep enough at them to attain their respective private client elite status (each calls it something slightly different). I keep enough at Chase to get invited to their private parties held at Sundance Film Festival, Vegas UnCork'd and the like.
Each have their pluses and minuses, but mostly pluses (at least when you have status). It's sort of like my being Global Services on United Airlines - at least when I fly commercial.
With both Vanguard & Fidelity they are set up in two ways- either low cost self direction or if your a person that needs advice they are going to push for a managed account. With having low fee's etc. & expecting free advice is unreasonable. So either do your own research or pay the firm to do that work for you.
Vanguard does not offer stock-picking advice. Their "investment advisor" service does allocation, rebalancing and the like. They won't call you at 7 am on a Monday, suggesting that you get into the latest IPO, that's about to hit the trading-floor that morning. They won't suggest that you buy puts on GE or Boeing. They won't go for a "dead cat bounce" in AT&T or Ford or Sears. And they won't do any currency-hedging for international investments.
Quote:
Originally Posted by RationalExpectations
I keep good-sized chunks at TD Ameritrade, Vanguard, and Fidelity; I keep enough at them to attain their respective private client elite status ...
You keep enough at Vanguard to reach Flagship Select?
Vanguard does not offer stock-picking advice. Their "investment advisor" service does allocation, rebalancing and the like. They won't call you at 7 am on a Monday, suggesting that you get into the latest IPO, that's about to hit the trading-floor that morning. They won't suggest that you buy puts on GE or Boeing. They won't go for a "dead cat bounce" in AT&T or Ford or Sears. And they won't do any currency-hedging for international investments.
You keep enough at Vanguard to reach Flagship Select?
But you can count on vanguard to promote and push whatever the flavor of the month is that they decide to offer services in wherever they can find a chance to do it ....
They got in to the trust business so they deleted our ability to have beneficiaries in case of common death on all joint accounts ....then the canned answer is we should be using trusts which they can help us with ...
They promoted do it yourself investing and how ANYONE CAN DO IT BY INDEXING ..then a study by vanguard shows how having your money managed can add 2 to 3 % to your returns .... yep vanguard got in to money mgmt .....
We have been with fidelity for more than 30 years and never ever had a product offered to us .
We have both private client status at fidelity with our own personal rep and a chase private client account
Last edited by mathjak107; 05-02-2019 at 02:19 PM..
I like how you're leveraging all the perks from the financial institutions. And why not! Say hi to Bob (Redford), if he attends his own film festival, that is.
I've stuck with Fidelity on my dad's recommendation that Vanguard is a pain to deal with when trying to get money out among other things. To top the icing on the cake, their cash management account is amazing internationally and customer service at the big box locations here in NYC is phenomenal to say the least. Very professional, very useful, and always a pleasant experience.
With both Vanguard & Fidelity they are set up in two ways- either low cost self direction or if your a person that needs advice they are going to push for a managed account. With having low fee's etc. & expecting free advice is unreasonable. So either do your own research or pay the firm to do that work for you.
has anyone here asked for free advice?
well, i guess lots of people here ask for free advice but you all know what i mean.
well, i guess lots of people here ask for free advice but you all know what i mean.
When I was at Vanguard, I made an appointment with one of their Advisors for a free review. They suggested a couple of tweaks to our portfolio, but didn’t really push anything aside from suggesting we open a 529.
I like how you're leveraging all the perks from the financial institutions. And why not! Say hi to Bob (Redford), if he attends his own film festival, that is.
I've seen him, but never met him. He's retired form Sundance management leadership.
Our fidelity rep is in the brick and mortar building about 15 minutes from our home .... we get calls to come in and chat once or twice a year ... never are products pushed at us ... it is more for feed back as to what fidelity can do better from our point of view
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