Quote:
Originally Posted by capecoralbill
I would go with Schwab, or Fidelity, maybe even Edward Jones. A friend of mine used a local Advisor (Who does host dinners here) with a small office of maybe five or 6 employees they put her into some questionable stocks, some of them even went bankrupt and she lost seven to 10 thousand dollars on two of them. He was charging her 1 1/2 per cent every month. We eventually got away from him entirely and split her assets between Fidelity and Schwab. They are both self directed accounts, which means no fees. They both offer some financial guidance at either one to two percent, if you need guidence. So just go talk to them without swapping your money there and listen to their sales pitch. But I would definitely stay away from these small outfits especially when they have relatives working in their office.
Just think if one of their principles would die, the chaos your money and income taxes Would be in.
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They actually charge 1 1/2%? The average investor can do as well or better with a list of broad market ETF's taped to a wall and a dart.