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Started By
Message
Financial Advising - managed account or fee based?
Posted on 5/6/13 at 3:03 pm
Posted on 5/6/13 at 3:03 pm
our FA is in a new firm which offers a managed account structure. we give her a sizeable lump of money and it gets inserted into a class of investments based on our risk tollerance.
We've always done a fee by transaction based account bc it was all that was offered, but now wondering what the pros and cons are of the managed account.
Can provide more details if needed.
We've always done a fee by transaction based account bc it was all that was offered, but now wondering what the pros and cons are of the managed account.
Can provide more details if needed.
1
Posted on 5/6/13 at 3:09 pm to Bama98
quote:
We've always done a fee by transaction based account bc it was all that was offered, but now wondering what the pros and cons are of the managed account.
2 sides to this. The more money she makes you, the more she makes. On the downside, if she loses you money, she still makes a %.
If I were you I would stick with transaction based.
Posted on 5/6/13 at 3:29 pm to Broke
youre about to get bashed on here for having a FA just so ya know 
Posted on 5/6/13 at 3:35 pm to roguetiger15
maybe so, but I dont have the time nor intelligence to manage our mutual funds, stocks, etc on a daily basis. I'll take my lumps as long as I can get some sound opinions. We are meeting with them Friday to discuss further.
Posted on 5/6/13 at 3:53 pm to Bama98
as an FA, you're doing the smart thing. Your time is more valuable to you if you focus on what made you that money in the first place.
Posted on 5/6/13 at 3:56 pm to roguetiger15
quote:
as an FA, you're doing the smart thing. Your time is more valuable to you if you focus on what made you that money in the first place.
Amen. Opportunity cost.
Posted on 5/6/13 at 4:24 pm to Broke
At what point should someone look into a FA? 10K, 50K, 100K?
Posted on 5/6/13 at 4:29 pm to TheDiesel
quote:
At what point should someone look into a FA? 10K, 50K, 100K?
I have people come to me with $50 a month to invest. Time in the market.
Posted on 5/6/13 at 4:34 pm to Broke
its all relative my friend.
Posted on 5/6/13 at 7:27 pm to roguetiger15
S&P 500 index forever, FTMFW!
Posted on 5/6/13 at 7:54 pm to roguetiger15
quote:
its all relative my friend.
what is relative
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