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Location: Was Midvalley Oregon; Now Eastside Seattle area
13,072 posts, read 7,505,741 times
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Managed accounts are proprietary. They are managed for different objectives. We have a small managed account with another firm (62/37/5) . We are in retirement and objective is not to lose but to have slight growth and Income. One could have a a 60/40 with a higher growth risk factor. Point is the managed account was not designed for you but for the original owner.
We use a R I A outfit/advisor. We want the high touch factor. We have a Income model portfolio and do well. My discretionary investments are very aggressive because the model sets a Income floor and but has limited upside. Vanguard favors an asset allocation model for everyone. This model has no floor and no topside restrictions. Fidelity does both.
The inheritance is now yours. Do what is best for you with whomever you want for whatever is your reason.
Last edited by leastprime; 05-13-2018 at 06:20 PM..
I inherited managed accounts with them. How do they compare to other companies?
I do like the FM there.
Do they have a fiduciary responsibility to you?
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