[petsetc]

My advice, 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

[dewilson58]

I agree with Luggage: Is to learn as much as you can yourself.

rlcooper70 has a good general concept....(does not have to be Fidel): geared to someone of your age

Agree with: If you truly have a lot of money, you need a tax lawyer, and accountant. AND
You may need to set up a will, trusts, medical stuff etc etc etc. MBA is not the right initials.

Lowest fees & rates do NOT always equate to the best net return to you.

A lot of talk about "fiduciary".......this piece of paper does NOT guarantee your best interest.

[l2ridehd]

There are several very successful model portfolios out there that work very well. I like the Yale model but there are other very good one’s available. Use Vanguard, Schwab or Fidelity and only use their low cost index funds. The simplest one is to first use a tool to determine the best asset allocation based on your risk profile. Mine is 60/40. So I do 42% total stock market, 18% total international stock, 30% total bond and 10% total international bond with Vanguard. Re-balance to those % when they are off by 5%. Very easy, low cost, safe and low risk

[b0bd0herty]

Originally Posted by Henryfrakl

Looking for name of an advisor preferably from Fidelity or another national firm. That truly understands wealth retention and income.
Thanks in advance for any advise.
Henry

Jean Ann Dorrell (SmartMoneyGirl) of Senior Financial Services. Amazing services specializing in retirements. Can't put down all of her achievements so left the link.
Jean Ann Dorrell - Certified Estate Planner, Estate & Retirement Advisor, Owner & Founder of Senior Financial Security, Inc.

[rspannuth]

Akh financial out of Daytona. Amanda is wonderful.

[bowlingal]

Merrill Lynch has my vote. Offices in Lake Sumter, quarterly meetings with me to go over my portfolio, available to me anytime if I have questions. Clay Palmer is the guy you want.

[Chi-Town]

Morgan Stanley is my choice. Solld company with excellent resources.

[retiredguy123]

I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

[jjombrello]

Strongly advise you contact Dale Cebert of Cebert Wealth. Has done wonders for us.

[charlieo1126@gmail.com]

I’ll just muddle along with my vanguard funds just like I have for the last 20 years having money taken out every month and adding a little more each year and hope to keep doing it for the next 20 , if you heard this before your right but someone doesn’t like the word muddle I guess because I never worked hard for my stock wealth lol

[dewilson58]

Originally Posted by retiredguy123

And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

Agree.
True beyond investing.
May I modify your statement to:

And, the least knowledgeable are the ones that are most likely to hire the unscrupulous.

[bp243]

Originally Posted by Henryfrakl

Looking for name of an advisor preferably from Fidelity or another national firm. That truly understands wealth retention and income.
Thanks in advance for any advise.
Henry

A CFP (certified financial planner) has the training to build a plan for you that is comprehensive, balanced, and in your best interest rather than favoring any one company.

[DAVES]

Originally Posted by coralway

Log onto your Fidelity account, Planning and Advice, Find an Advisor.

Been a Fidelity client since 1986. Anyone you get there is very helpful and their advice is golden.

I've been with them longer than that. As far as advisors, I've had several over the years-some better than others. I am spoiled. I previously had a guy who had in the past been a fund manager. I agree all are helpful. They need to know quite a bit. A part of knowledge, which is sadly very rare, is knowing what you do not know. More than once I've had people say you want to talk to, I'll transfer you. Or you need to call back at normal business hours.

As implied, they are helpful. I am spoiled. In the past I had GREAT.

[manaboutown]

Two factors to consider when seeking an advisor are the size and nature of the portfolios they manage. Is their typical portfolio $1M, $10M or $100M, for example? Too, do they manage portfolios for mostly retired seniors who are likely income seeking or do they manage portfolios for working age families who are looking for growth?

[DAVES]

Originally Posted by retiredguy123

I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

Like most things there is no shortage of differing OPINIONS. Everyone's view is different
as well as assets, expenses risk tolerance, health, age, taxes and I'm sure I left out many others. I never give financial advice because I wish all well but will not accept or pay any damages for following my advice. As far as your 40% stocks, 30% bonds and 30% cash.
Many do not realize that if that is a bond fund those bonds are leveraged. They borrow on the bonds they hold to buy more bonds. That gets them higher than market yield as well as increasing risk. Cash-today due to very low yields, rising inflation and the fact that you pay your highest tax rate on any dividends on cash it is a net loss. That does not mean you do not need some cash for most IN MY OPINION 30% is high.

My point, one size does not fit all at least not well.