IRA fee
Terry, I,m paying a fee of about $1,100 per month for what they call an Advisory Solutions type of portfolio at a large brokerage house. Supposed to be day to day monitoring of my investments. I just retired at age 69 and supposed to have 50/50 balance model, income vs equity. I feel this fee is way to expensive for a porfolio that’s been dialed back to 50/50. My intention next month at our next meeting is to tell my agent to get me out of Advisory Solutions. Your opinion on this and is this fee just a money maker . I’m sure you know who the company is based on the name of the program.
Terry Says
You need to move your entire account to a FeeOnly Fiduciary advisor. Your current rip-off person has already demonstrated the he/she is not to be trusted.
The only way I can be sure you find a true Fer-Only Fiduciary is to use the Wealthramp service. It doesn’t cost you a penny.
Read this:
https://www.terrysavage.com/pam-krueger-wealthramp/
