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

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

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.

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.

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?

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.

Don’t forget the tax consequences

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?

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.

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Don't
 

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.

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.

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

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.