[manaboutown]

Originally Posted by HappyTraveler

Worth having a conversation with them.

Fidelity Investments - Retirement Plans, Investing, Brokerage, Wealth Management, Financial Planning and Advice, Online Trading.managed-accounts/wealth-first-overview?s_tnt=177179%3A0%3A0&adobe_mc_sdid=SDID%3D7967CB3 46D36BF24-41B25DB9DA987DBF%7CMCORGID%3DEDCF01AC512D2B770A490 D4C%40AdobeOrg%7CTS%3D1747335144&adobe_mc_ref=http s%3A%2F%2Fwww.fidelity.com%2Fmanaged-accounts%2Fwealth-first-overview%3Fs_tnt%3D177179%25253A0%25253A0

If I understand what I read on their website Fidelity has AUM fees running 0.2 to 1.5% on managed accounts. Also they farm out tax and estate planning. More $$$. On top of that in the past I have had issues with Fidelity so that outfit is a no-go for me. Right now I use Schwab, Vanguard and Ameriprise. The only reason I still use Ameriprise is it holds some ancient accounts which would be a hassle to switch over and I rarely trade. Schwab and Ameriprise assigned my accounts advisors who I never use so I pay no AUM fees which show up on my statements although I am certain the advisors are compensated by their employers in some fashion. The Schwab guy is worse than worthless as when I signed on he directed me to sign the wrong forms. He is not smart. The Ameriprise guy is smart enough but he is 72 years old himself. I inherited him when my original Ameriprise guy left to start a boutique firm, wanted a 1% AUM fee and told me they would trade with eTrade, I think it was, now part of Schwab, I believe. He is a smart guy but he refused to act as a fiduciary so...