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re: Financial Advisor Company Move
Posted on 9/2/23 at 1:44 pm to TXTIGERTAIL
Posted on 9/2/23 at 1:44 pm to TXTIGERTAIL
What does the FA do for you? You can save fees and substantially increase returns without management fee drag. But if you are one that can't trust yourself to buy and hold and may panic sell in a down market and buy back in only after recovery you could very well benefit from a FA keeping you on track. Or if you have a paticularly complex situation they might be worth the cost. I for on prefer to self manage with a simple buy and hold low cost index strategy.
I wouldn't belabor the point but would ask the FA why the mass exodus. I'd be slightly concerned something shady/unethical going on at firm or w FA team for everyone to bail at once. Would definitely take close look at accounts to be sure you haven't been fleeced.
I wouldn't belabor the point but would ask the FA why the mass exodus. I'd be slightly concerned something shady/unethical going on at firm or w FA team for everyone to bail at once. Would definitely take close look at accounts to be sure you haven't been fleeced.
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