[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]

Originally Posted by 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?

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]

Originally Posted by 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?

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]

Originally Posted by 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?

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]

Originally Posted by Catmostar

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]

Originally Posted by 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.

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]

Originally Posted by 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?

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

[mkjelenbaas]

Originally Posted by 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

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]

Originally Posted by 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?

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