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Originally Posted by Bobnfl
Who do you have to manage your money if you do. We have Fidelity and am wondering if it is worth it or is there a better way. Are local investment companies better? What is the normal charge at other companies? I know Fidelity charges over 1%, is that too much. They have started pushing annuities more & more. Which I try to stay away from. Please give me some insight into what other people do.
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I’ll probably be ridiculed for my answer, lol, but I use an Ameriprise advisor and have used one for 25 years. I’m paying much more than 1%, but he has helped me make some very good, measured, reasonable, decisions over the years that I probably would not have made on my own. Life changes, job changes, inheritances, long term planning, etc. Sometimes it’s more than just what you invest in but what you don't. I think everyone is different. Some enjoy money management. I do not. I value my relationship with my advisor and don't think I’d be where I am without his good advice and steady hand. Different strokes.