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05-20-2022, 04:04 PM
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Senior Member
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Join Date: Dec 2021
Posts: 344
Thanks: 105
Thanked 464 Times in 155 Posts
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Quote:
Originally Posted by Plinker
I agree. I have been a Vanguard client for over 35 years yet have never utilized their advisory services. Also, I have never paid and will never pay an AUM fee.
However, there are many people with little or no knowledge of how to structure and manage a portfolio. Also, they may have no desire to learn. That’s okay. These individuals would be far better served with a company like Vanguard where they can speak with a CFP than the local Villages “advisors” peddling high-commission indexed annuities plus high AUM fees.
They have no idea just how much they are paying for, what I believe, is poor advice that is hazardous to their wealth.
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100% agree.
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