Financial Advising - managed account or fee based? | TigerDroppings.com
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Bama98
Alabama Fan
Houston
Member since Oct 2011
455 posts

Financial Advising - managed account or fee based?

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.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58450 posts

re: Financial Advising - managed account or fee based?
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.


roguetiger15
LSU Fan
Member since Jan 2013
5636 posts

re: Financial Advising - managed account or fee based?
youre about to get bashed on here for having a FA just so ya know


Bama98
Alabama Fan
Houston
Member since Oct 2011
455 posts

re: Financial Advising - managed account or fee based?
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.


roguetiger15
LSU Fan
Member since Jan 2013
5636 posts

re: Financial Advising - managed account or fee based?
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.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58450 posts

re: Financial Advising - managed account or fee based?
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.


TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2498 posts

re: Financial Advising - managed account or fee based?
At what point should someone look into a FA? 10K, 50K, 100K?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58450 posts

re: Financial Advising - managed account or fee based?
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.


roguetiger15
LSU Fan
Member since Jan 2013
5636 posts

re: Financial Advising - managed account or fee based?
its all relative my friend.


Janky
LSU Fan
Team Primo
Member since Jun 2011
10270 posts

re: Financial Advising - managed account or fee based?
S&P 500 index forever, FTMFW!


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HailToTheChiz
North Carolina Fan
Chapel Hill
Member since Aug 2010
10161 posts

re: Financial Advising - managed account or fee based?
quote:

its all relative my friend.




what is relative


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