Investment advisor recommendation

[Catmostar]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

[TNLAKEPANDA]

We have been using Parady for several years now. They will give you options and explain the benefits without being the least bit pushy. They offer many different services… Annuities.. Life Insurance… Stocks/Bond investing and Tax service for their clients only at a very low cost. We have done well with them.

[petsetc]

I would suggest you save the cost (1+% annually), invest the time it takes to vet a new person in a bit of self-education and then do it yourself.

Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

He also makes solid recommendations on mutual fund portfolios at several low cost providers (Vanguard/Fidelity ...). I have been using his info since 2005 and can claim a solid and happy retirement so far.

If you do go with someone, make them show you their fiduciary agreement which they should sign and determine EXACTLY how they are paid for their services - hourly, % of manage funds, by trading/churning, commissions on products or stocks they promote and sell you ...

JMHO

[JGVillages]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Jayne Wakeman. Edward Jones office on 466 in the same plaza as Bonefish Grill. Have worked with her for over 13 years and could not be more pleased with her financial knowledge and professionalism. For us she has accomplished your goal stated above. Highly recommended.

[rjm1cc]

Sounds like you only need investment advice for your portfolio. I would look toward some of the online brokers and their robo portfolios. Basically I think EFT funds will meet your needs.

[ronda]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Yeah, I hear you. Buy index funds and call it a day. Maybe SP500 fund and an international fund. If you want to get fancy select a fer more. done, done, done!!

[LErmer]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Charles Schwab private client services are available if you have at least 500K. They charge a very, very small fee and have been extremely successful for us over 20 years. They have an office in Sumter landing.

[dewilson58]

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Sounds like you want advice on a well diversified portfolio for "hands-off" growth.
This is very simple to achieve, so the young'ins are okay to use.
They learned this in their second class.
It's very simple and they can make suggestions relatively quickly and simply.
Let mutual fund diversify you.
Good Luck

[Nell57]

We have been using Parady for several years now. They will give you options and explain the benefits without being the least bit pushy. They offer many different services… Annuities.. Life Insurance… Stocks/Bond investing and Tax service for their clients only at a very low cost. We have done well with them.

Of all investing vehicles, Insurance Policies and Annuities have the highest commissions for the broker.
Be very careful using these.
If the same agency prepares your taxes, they know if you have other money out there that they are not managing.
That would be another red flag 🚩

[cj1040]

Steve Schneider at TB financial was a finalist in our exhaustive search...they use Fidelity and he is a fiduciary meaning not trying to sell you any particular product for his benefit. We chose Blackston Financial in the end and they use TD Am. so that would be easy for you. It is a larger firm, also fiduciaries.

[pacevett78]

Hi. Try Andy Campbell with LPL. He is experienced. He listens, he answers your calls, he responds to emails and texts. He meets with you in person at least twice per year, or more often at your request. He has done wonders with our portfolio. If he does not know an answer, he will contact other professionals to get it. He does all of our portforlio, our daughters and grand childrens. All are pleased with him. phone number is 352-804-9595.

[KYtoTV2021]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Err, "several"? If someone has had several divorces..........maybe the problem is .....that person. Irrational expectations perhaps?

[mkjelenbaas]

I would suggest you save the cost (1+% annually), invest the time it takes to vet a new person in a bit of self-education and then do it yourself.

Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

He also makes solid recommendations on mutual fund portfolios at several low cost providers (Vanguard/Fidelity ...). I have been using his info since 2005 and can claim a solid and happy retirement so far.

If you do go with someone, make them show you their fiduciary agreement which they should sign and determine EXACTLY how they are paid for their services - hourly, % of manage funds, by trading/churning, commissions on products or stocks they promote and sell you ...

JMHO
Bad idea - that is like repairing your engine by reading how to do it - pay an expert and then relax- if interested in someone out of state let me know - I have been with my broker for 15+ years and he is HONEST AND TRUSTWORTHY!!

[PugMom]

we are looking for a new investment advisor. I have had bad luck with the last several and have being using tdameritrade on my own. I did ok last year, but i want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in lake sumter, but they are so young/inexperienced.

Any suggestions?

fidelity

[birdawg]

Nobody will do a better job of managing your money then you. Go to different website’s, go to those free lunches learn as much as you can about finances, and look into investment opportunities like Vanguard. Do it yourself you will be better off

[Babubhat]

ETF are all you need. Save the fees. Vanguard and Fidelity have robo investment strategies. Your advisor is just going to use one of these programs. Do you really believe they are going to beat the market consistently? See Warren Buffet,

You are only paying for hand holding

Best Vanguard ETFs to Build a Portfolio (https://www.thebalance.com/best-vanguard-etfs-to-build-a-portfolio-4177941)

[petsetc]

Bad idea - that is like repairing your engine by reading how to do it - pay an expert and then relax- if interested in someone out of state let me know - I have been with my broker for 15+ years and he is HONEST AND TRUSTWORTHY!!

Thank you for telling me my successful strategy is a BAD IDEA.

[Grill Meister]

I have had a very successful financial advisor for over 20 years and my portfolio has shown continued growth, based upon my expectations of "no-risk....moderate risk.....risk". I strongly suggest you contact:

KEN WINGERTER, VP INVESTMENTS, MORGAN STANLEY WEALTH MANAGEMENT
8889 PELICAN BAY BLVD., STE. 300 , NAPLES, FL, 34108
Phone: (239) 449-7830
Ken.Wingerter@morganstanley.com
(239) 449-7830 800.234-9928 MOBILE

He is not only proficient, he is very conversant so you will have a clear understanding of what he will do for you and what you can expect.

Tell him that his very favorite investor in The Villages referred you to him.

[Babubhat]

Honestly why would you trust a stranger.? Look up the educational background of these people. You likely will be unimpressed. It’s your money, fees are unnecessary. ETF are tax efficient,

If you really want an advisor look at Josh Brown from cnbc. Reformed broker

Joshua Brown Profile - CNBC (https://www.cnbc.com/joshua-brown/)

https://ritholtzwealth.com/

Op-ed: Josh Brown'''s four questions to ask your next financial advisor (https://www.cnbc.com/2020/11/13/op-ed-josh-brown-five-questions-to-ask-your-next-financial-advisor-.html)

[Babubhat]

[QUOTE=mkjelenbaas;2053696]Bad idea - that is like repairing your engine by reading how to do it - pay an expert and then relax- if interested in someone out of state let me know - I have been with my broker for 15+ years and he is HONEST AND TRUSTWORTHY!!

Too vague a statement. Many have never seen a bear market

[JoelJohnson]

Anthony Gould
Anthony.Gould@ml.com
(352) 350-2752

Merrill Lynch Sumter Landing

[Luggage]

If you're not happy with your last brokers then you must have had your cash in the bank. Nobody really knows what's going to happen with the economy but there's at least a 50% chance it's going to go up in a 50% chance it's going to go down. The simple response is to do it yourself and most people on here are telling you to use ETFs which is right.
At our age . Keep 20 to 30% in cash in government bonds short-term or the bank and the rest you should invest in varying degrees in the following
Large cap ETF
Midcap ETF
Tech stock ETF
Overseas stock ETF

Then don't look at it for a full year because you're going to go crazy when things go up and down that's all you need to do.

The stock market goes up and the stock market goes down and you'll get at least the growth that everyone else gets
PS keep 5% to pick out a few stocks individually just to play with because you know you want to

[Lisanp@aol.com]

Read “The Ultimate Retirement Guide for 50+“

[retiredguy123]

Managing your investments is a DIY project. The problem with hiring an advisor is that people who need advice the most are the least capable of screening out the shysters, who will take advantage of them.

[Haggar]

There's a lot more to investing that ha been talked about. Having been a financial advisor (I'm a CPA) - that's past tense.

What the risk profile of the investor - some people want a portfolio that don't go up and down like is happening now, some are willing to take risks. What are their needs is the future? What's their net worth now? Do they have a significant other? What's their age?
What's their health?

For anyone to suggest an investment strategy and what investments to buy for someone else is a disservice.

Some investors don't feel secure in doing their own investments with the wide range of products out there. So the question that started this thread seeking an investment advisor is probably the right solution for them.

[Singerlady]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Scott Windsor. Citizens First Bank. Don’t worry about him being affiliated with a bank. He’s very experienced (25+years), professional and a fiduciary! Very happy with him.

[Catfishjeff]

We have a financial manager who has done a great job for us over the past five years. He takes 1% as a fee but pays for himself many times over. When the market is down, we don’t get killed. When the market is up, we do well. He’s located in California and a partner in his firm. We Zoom whenever we need to talk with each other and he plans on moving to Florida in 5 years. If you are interested, PM me and I’ll share his contact info.

[stevecmo]

Save the fees. Go to bogleheads.org and read the wiki. You can learn everything you need there. Then go to the forum and read. Then ask questions on the forum. Lots of knowledge and helpful folks.

It's not as hard as everyone thinks. It just takes a little time to research an learn.

[mrf0151]

Synergy Wealth Alliance here in The Villages. 15 years with them now and they are excellent in every facet. The litmus test is this, our portfolio only went down 11 percent during the market crash in 2020 while the broad market went down 33 percent.

Contact: Matt Wade or Carrie Letsinger

matt@synergywealthalliance.com

carrie@synergywealthalliance.com

352-2598498

[nmpettus]

These guys are a fiduciary. They work for you. Very highly recommended. Brow wood free consultation. Check with them, they will not steer you wrong.

[nmpettus]

These guys are a fiduciary. They work for you. Very highly recommended. Brownwood free consultation. Check with them, they will not steer you wrong.

[oldtimes]

These guys are a fiduciary. They work for you. Very highly recommended. Brownwood free consultation. Check with them, they will not steer you wrong.

I know that they give their investors lots of expensive parties and events and gifts and this makes me wonder where that money comes from? Is it built into their fees? I am not trying to discredit them but just curious.

[dewilson58]

These guys are a fiduciary.

This provides NO guarantees. ZERO.

[tophcfa]

This provides NO guarantees. ZERO.

But it’s a fancy word that sucks people in!

[mrf0151]

Look at the massive advertising, promotions and free parties etc. that a company has. That money comes out of YOUR pocket. Be careful.

[Waltergh]

Wes Martin is one of the smartest investors we have ever met. He truly puts your money where he puts his. They are associated with Charles Schwab and can offer all of the benefits Schwab has. He is well versed on tax laws and stays up-to-date on everything that can affect your portfolio. We’ve been with him over 20 years and have not regretted one moment. Wes is also very friendly and personable. Even though his office is located in Indiana he has clients all over the world, including several now in Florida. In fact he lives in Florida most of the year. Call him at 812-542-0993. You won’t regret it.

[manaboutown]

When I was just getting started in my professional life one of my colleagues referred to stock brokers as stock bookies. That has stuck with me even though these days they like to call themselves financial advisors.

It might be wise to compare one's own educational background, financial expertise, capabilities and economic success with any potential "financial advisor" before hiring him or her.

[Babubhat]

If they don’t gather assets under management they won’t be employed long. It’s all about hand holding. Period. Ancillary services are another matter. It’s your money. Hold on to it.

Everyone is a star in a rising market. Things on the verge of changing,

Just the facts. The rest is noise.

Active fund managers trail the S&P 500 for the ninth year in a row in triumph for indexing (https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html)

[retiredguy123]

If they don’t gather assets under management they won’t be employed long. It’s all about hand holding. Period. Ancillary services are another matter. It’s your money. Hold on to it.

Everyone is a star in a rising market. Things on the verge of changing,

Just the facts. The rest is noise.

Active fund managers trail the S&P 500 for the ninth year in a row in triumph for indexing (https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html)
Not news to me. Almost all of the stock portion of my assets has been invested in the Vanguard S&P 500 Index Fund for about 40 years. Another good choice is the Vanguard Total Bond Market Index Fund. If the financial advisors can't outperform the indexes, there is no reason to hire them.

[BaileyMom]

Steve Schneider at TB financial was a finalist in our exhaustive search...they use Fidelity and he is a fiduciary meaning not trying to sell you any particular product for his benefit. We chose Blackston Financial in the end and they use TD Am. so that would be easy for you. It is a larger firm, also fiduciaries.

We use Blackston as well. Very happy with our guy, Travis Bender. We like that they are fiduciaries.

[robertsonsusan]

My wife and I have put our trust in Jean Dorrell, Jean runs senior financial. We’ve been with her for several years and credit her with our early retirement. She can be reached at 352-307-8652. Good luck!

[SusanStCatherine]

I would only trust a fee-only fiduciary financial planner. Find one from this site :

The National Association of Personal Financial Advisors | NAPFA (https://www.napfa.org/)

Have them look at your entire financial picture. They will ask about your goals and risk tolerance. I would not have them handle my money for a fee (it is an option). Rather they tell us how to handle and invest our money in the most responsible way. We were paying for hourly advice twice a year and switched to a yearly plan where they are always available to answer questions as they arise.

They do not give free dinners and they are not tied to any specific investment type or institution. I have found diversification is very important. They can cover specifics about mortgages, insurance needs (umbrella, life, etc). Social Security planning using sophisticated tools to decide at which age to take it.

Good luck!

[lindaelane]

I use Kevin Ganus at Wells Fargo. Lots of experience, very professional recommendations, does not work with annuities, is a vice president as his organization. Does not do the "big, fancy" events to draw clients that some organizations here put on. But he seems much more knowledgeable about good financial practice that any of the 10 or so other financial advisors I've met with or worked with in my life. I've been with him for 3 years now.

[Robbb]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Look at Vanguard. Do it your self with a balanced fund or pay then.3% for management.

[lpruettusa]

I would suggest you save the cost (1+% annually), invest the time it takes to vet a new person in a bit of self-education and then do it yourself.

Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

He also makes solid recommendations on mutual fund portfolios at several low cost providers (Vanguard/Fidelity ...). I have been using his info since 2005 and can claim a solid and happy retirement so far.

If you do go with someone, make them show you their fiduciary agreement which they should sign and determine EXACTLY how they are paid for their services - hourly, % of manage funds, by trading/churning, commissions on products or stocks they promote and sell you ...

JMHO

Agreed. And, in case the OP and other don't know what a fiduciary is and why their fiduciary agreement is important:

"What Is a Fiduciary? A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests."

[Babubhat]

If you really want the best find a Barons top 100 advisor. Depends if you are a whale or a minnow

2021 Top 100 Financial Advisors Ranked by Barron's (https://www.barrons.com/advisor/report/top-financial-advisors/100)

[oldtimes]

Agreed. And, in case the OP and other don't know what a fiduciary is and why their fiduciary agreement is important:

"What Is a Fiduciary? A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests."

They can think they are acting in someone’s best behalf and still be a lousy investor. Not all money managers are created equal.

[Babubhat]

Better yet visit a few. They will punch your answers into a computer program and give you a fancy report with lots of gobbledygook that sounds impressive. It’s robo investing unless you are a big account

Play the Schwab customer. Ask them if they refund their fees if they don’t beat the s&p 500. The acid test. Watch their facial expression.

[Doglover9409]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

I too always did my own, and a few years ago just got tired of having to monitor it all the time. My mom had used Andrea Patrick at Raymond James in Brownwood, so I talked with her, and felt good about her and her strategy. In 2020 I switched everything, and yes, there are fees. But with her, my account made way more than I could have, and I happily paid the fees for the incredible growth. It’s a tiny percentage, so she makes money when I do. Now, I’m not sure 2022 will be as strong as 2021, but I’m comfortable that she is doing a better job than I could do at this point. Highly recommend her.

[Babubhat]

That’s what you pay for. Hand holding or you don’t want to deal with it. But the devil is no one knows how they perform in a down market. It’s been too easy to make money. Older people don’t have time to bail them out in a bad market. Nasdaq has just dropped 400 points from its high today. Market is very leveraged,

You pay your money and you take your chances.

Ultimately there is only one question. Can you sleep at night with your current portfolio?

[oldtimes]

I too always did my own, and a few years ago just got tired of having to monitor it all the time. My mom had used Andrea Patrick at Raymond James in Brownwood, so I talked with her, and felt good about her and her strategy. In 2020 I switched everything, and yes, there are fees. But with her, my account made way more than I could have, and I happily paid the fees for the incredible growth. It’s a tiny percentage, so she makes money when I do. Now, I’m not sure 2022 will be as strong as 2021, but I’m comfortable that she is doing a better job than I could do at this point. Highly recommend her.

Exactly, we have used a money manager from up north for 20 years now and have enjoyed incredible growth as well. He constantly adjusts our investments dependent on our life stage and risk tolerance. We could not have done this ourselves.

[Babubhat]

Don’t forget the tax consequences

[jojo]

I am fine with managing my investment portfolio except for a comprehensive understanding of tax laws. I would like to hire a consultant for tax advice only. Any suggestions?

[Gabi12]

We have continued with our investment manager from up north when we moved to Florida. We have been with him for 15 years and are very happy with our results. If you’re interested let me know.

[jojo]

///

[dadoiron]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

Whatever you do don't go with Fidelity. They aren't a fiduciary although they will probably tell you they are.

[retiredguy123]

Whatever you do don't go with Fidelity. They aren't a fiduciary although they will probably tell you they are.
Not exactly. It's complicated. Under Federal law, investment companies, like Fidelity, must have a fiduciary relationship with their clients when advising them about retirement accounts, but not necessarily with non-retirement accounts. So, if you have an account with Fidelity, or any other company, you should ask the representative if they are acting as a fiduciary or not. And, insist that they put their answer in writing. If they are a fiduciary, they should provide you with a letter clearly stating that they are advising you as fiduciary.

[donassaid]

We use David Blackston. Very knowledgeable, great staff and doesn't try to fit you into a particular product. Has an office in The Villages.

[stevesliders]

Kelley Pyles.CFP. She is a fiduciary they only make money if you do. @ Royal Fund Management. 352-750-1637

[craigrmorrison]

You are a perfect candidate for Shawn Walton of Synergy Wealth Management. Shawn is in his 50’s and has commensurate experience in the wealth management field. He can be reached at 386-603-4300. Belinda is his Administrative Assistant and will connect you with Shawn.

[birdawg]

I always ask the investment advisor if he knows had to make wise investments why he needs my money to work with.

[dewilson58]

I always ask the investment advisor if he knows had to make wise investments why he needs my money to work with.

hopefully the advisor understood the question. :icon_wink:

[Babubhat]

A monkey can get you the sp 500 return. How does your advisor add value. For most they are like buying rustproofing from a car dealer

[manaboutown]

Although I am sure he is totally unaware of it, since the mid 1980s when I bought a few shares of BRK at a little over $3,000/share Warren Buffett has been my investment advisor on what has grown to become a large chunk of my (taxable) portfolio.

[Babubhat]

Defer taxes until you die. Coombs doing most of the heavy lifting now

[valuemkt]

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

To me, SEVERAL is grater than three. I quit after three, and have been happily managing our money since. I have documented investment and withdrawal strategy, spending plans . Go over it with my wife monthly, with quarterly net worth updates. I am in process of developing a plan to simplify the investment plan should I pre-decease her, or go into cognitive decline. We both have MBA Finance. We gave each person, at least in our minds, every chance to succeed. I probably average 1.5 hours a day on this, but am an investor, not a trader.