Log in

View Full Version : When To Fire Your Financial Adviser.

KayakerNC
08-13-2015, 02:19 PM
Edward Jones to pay over $20 mln for overcharging muni clients | Reuters (http://www.reuters.com/article/2015/08/13/edwardjones-regulator-idUSL1N10O1I120150813)
Maxman
08-16-2015, 08:02 PM
Edward Jones IMHO is one of the worst places to put your money.

check out the link below to see how financial advisor fees effect return
https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-cost
manaboutown
08-16-2015, 08:03 PM
i have fired many in my time.
rubicon
08-17-2015, 04:32 AM
They have been in trouble before.
Greg Nelson
08-17-2015, 05:56 AM
I'm with Fidelity and unless you have them manage your $$ for a cost, they give no good advice..not sure where to go...I'm a real tyro
Villageswimmer
08-17-2015, 05:57 AM
Tyro?
Greg Nelson
08-17-2015, 06:17 AM
tyro= beginner My doctor brother in Melbourne, Fl. also with Fido for years is averaging 17% growth..me 5%..need help..what's new!
784caroline
08-17-2015, 08:05 AM
tyro...fido....are you making this stuff up as you type! Makes no sense and readers will tune you out.
Greg Nelson
08-17-2015, 08:12 AM
Tyro is according to Webster a beginning learner. FIDO is short for Fidelity Investments
KayakerNC
08-17-2015, 10:07 AM
tyro= beginner My doctor brother in Melbourne, Fl. also with Fido for years is averaging 17% growth..me 5%..need help..what's new!

Whole lot of embellishment going on here. BS meter has pegged.:beer3:
lanemb
08-17-2015, 04:19 PM
It takes time but I find nobody watches my money better than I do. Take in consideration what they cost you and it isn't too hard to do reasonably well yourself. My biggest losses have come on others advice! Either way the big boys still win.
Maxman
08-17-2015, 07:21 PM
It takes time but I find nobody watches my money better than I do. Take in consideration what they cost you and it isn't too hard to do reasonably well yourself. My biggest losses have come on others advice! Either way the big boys still win.

amen
manaboutown
08-17-2015, 08:09 PM
The time to fire a financial advisor is BEFORE he/she loses some of your money.
Chi-Town
08-17-2015, 10:05 PM
The time to fire a financial advisor is BEFORE he/she loses some of your money.
And how do you time that?
rjm1cc
08-17-2015, 10:27 PM
When they recommend investments that do not meet your expressed needs.
pbkmaine
08-18-2015, 02:11 AM
When they are charging you a management fee of 1% for funds with a sales charge of another 1% and an expense ratio of another 1%. Then you realize you can get better performing funds at Vanguard with no management fees or sales charges and expense ratios of 1/10th of 1%.