Ask Terry Questions Left Advisor, Need help with asset allocation and types of assets

Left Advisor, Need help with asset allocation and types of assets

By Terry Savage on October 05, 2015 | Investments

Hello Terry,

I’m a 48 year old female and just let go of my 1% per year advisor after not feeling heard or served. I have moved approx. $2M in assets into Vanguard (combination of retirement accounts and taxable accounts). I would like to try to work this portfolio on my own but am nervous and would like to know if there is anyone out there anymore that gives advice but doesn’t take a 1% fee. I have been reading a lot but am still nervous about the allocation of the money and the types of assets to use (Mutual funds, ETFs, individual stocks, etc.) I would appreciate any guidance you could give me since I am nervous to proceed. Thank you!

Terry Says:  Free advice is worth exactly what you pay for it!  I’m sorry that you had a bad experience with your advisor — but that’s the advisor’s problem, not yours.  There are plenty of advisors out there who do understand how important it is to stay in contact with their clients, especially in these volatile times.  Now, as long as you are at Vanguard and are paying their small fees for the underlying funds, you can work with them on asset allocation for no additional fee.  check it out and see if you feel comfortable.  If not, get back to me and I will give you some more specific thoughts about advisors.  But you’ll have to be prepared to pay for good advice.



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