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Inheritance Question and Asset Management
Posted on 4/29/18 at 5:59 pm
Posted on 4/29/18 at 5:59 pm
Say someone fell into around 7 shares of BRK.A from an inheritance. It’s being managed by some sort of broker with the standard 1% AUM fee. Everything else you have invested is with Vanguard in broad market index funds worth around $300k. Would you transfer the shares to Vanguard and eat the transfer fee to remove the yearly AUM? Also would you sell some of the BRK.A to diversify?
4
Posted on 4/29/18 at 7:16 pm to OleWarSkuleAlum
Congrats on the 2 mill.... 
Posted on 4/29/18 at 7:17 pm to OleWarSkuleAlum
I have no clue what the answer to your question is.
My quick google search says that each share is like 300k? Is that right? So this would be like 2 million?
My quick google search says that each share is like 300k? Is that right? So this would be like 2 million?
Posted on 4/29/18 at 7:36 pm to OleWarSkuleAlum
quote:
Say someone fell into around 7 shares of BRK.A from an inheritance. It’s being managed by some sort of broker with the standard 1% AUM fee. Everything else you have invested is with Vanguard in broad market index funds worth around $300k. Would you transfer the shares to Vanguard and eat the transfer fee to remove the yearly AUM? Also would you sell some of the BRK.A to diversify?
The idea with index funds and BRK is that their asset allocation is being done by the fund managers, not sure what the broker is doing fir the 1%.
Posted on 4/29/18 at 7:43 pm to EA6B
quote:
The idea with index funds and BRK is that their asset allocation is being done by the fund managers, not sure what the broker is doing fir the 1%.
It’s a 95 year old man who has it with a broker and pays the 1% for the convienence and lack of tech savvy. The 7 shares is a percentage of his total. Additionally, he has some other positions with the broker but obviously nothing nearly as substantial as the BRK.
The $300k in Vanguard is separate from the inheritance that is what the inheritor has prior.
This post was edited on 4/29/18 at 7:47 pm
Posted on 4/29/18 at 8:27 pm to OleWarSkuleAlum
quote:
7 shares of BRK.A
Must be nice
quote:yes , and yes definitely would diversify. Definitely consult an advisor and look at whole portfolio
Everything else you have invested is with Vanguard in broad market index funds worth around $300k. Would you transfer the shares to Vanguard and eat the transfer fee to remove the yearly AUM? Also would you sell some of the BRK.A to diversify?
This post was edited on 4/29/18 at 8:31 pm
Posted on 4/30/18 at 2:59 pm to castorinho
quote:
Definitely consult an advisor and look at whole portfolio
Don’t trust them farther than I can throw them
Posted on 4/30/18 at 5:09 pm to OleWarSkuleAlum
I wish I could get paid $20,000 a year to manage 7 shares of a stock
Posted on 4/30/18 at 6:53 pm to OleWarSkuleAlum
Depends on what they are calling an Advisor. I would trust an experience RIA, not a broker.
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