(MAP) Managed Allocation Portfolios/fees

We are retired for several years. We have been with this financial group for 20+ years. A few years ago we signed up for Managed Allocation Portfolio – service agreement. Due to the market, we have been losing a lot but now have large mapping fees on top of the loss.
What is your opinion of Managed Allocation Portfolios? It is difficult to find reviews on Managed Allocation Portfolios. Thank you in advance.

Terry Says:   I think this might be a proprietary name set up by a company to describe their fee-based services.  Ask very simply how much you are now paying on an annual basis to have your account managed.  That should include all fees and any commissions charged when securities are bought and sold.  You have a long-term relationship and you may not want to disturb that.  But this could be a good time to check out either another investment advisor who is a Certified Financial Planner and who is strictly fee-based (www.feeonly.org).  Or check the advice services offered by Fidelity or Vanguard or T. Rowe Price, where you are likely to pay far lower costs by using their funds.  They also have diversification models — and you might want to go through their “monte carlo” modeling process to make sure your investments — and withdrawal plan — are appropriate for your new situation in life.