[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

[DAVES]

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

There is a difference between a financial advisor and say,"from Fidelity." Fidelity is a brokerage. They will help you to buy Fidelity products. They will not say there is a better alternative from a competing brokerage. MY OPINION Fidelity has a major advantage in the villages as unlike others that are on line you can stop by at their Lake Sumter office.
For me a big plus. Paperwork such as required minimum withdrawals, mistakes can be very expensive, correcting mistakes can be a real pain. My view about most things, it is better to do it right the first time and having someone more skilled than I am review it -helps avoid mistakes. Fidelity has a very broad line. If, you want a fund that investing in almost anything you can think of it is likely that Fidelity has one or more.

"That truly understands wealth retention and income," that is first of all perhaps the job of a financial advisor. They would or should have you explain what wealth retention and needed income mean to you. You may need to set up a will, trusts, medical stuff etc etc etc. A financial advisor. No one works for free. Some are paid by commissions on what they sell you, thus a bias for high commission items. Others are paid fee for time and you put the plan into effect at one of the brokerages some of the popular ones are Fidelity, T. Rowe Price and Vanguard-in alphabetical order.

[Dan9871]

If you are looking for a fiduciary to manage your investments, i.e. someone who only considers what is advantageous to you, you might check with Hallmark Capital Management, (407) 630-1448. They don't have an office here but are associated with Charles Schwab and use their offices in Lake Sumter Landing to meet with clients or will go to your home.

Raymond James in Brownwood seems to be pretty competent too. Note each Raymond James office seems to have completely different staffing; the people I have talked with are in the Brownwood office, 352.674-1690

Charles Schwab has an office in Lake Sumter Landing. Their advisors do NOT get commissions but are not necessarily fiduciaries either. But their advice is worthwhile. However they can help you find financial advisors who are fiduciaries. 352-430-3080.

There are a lot of the major stock brokerages and independent ones too, with offices in The Villages that will help you find a fiduciary to help you manage ,your wealth. Even though it is really time consuming it's worth your while to poke around at as many of them as you can.

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

[Babubhat]

Fidelity is staffed by competent advisors. Arrange for a meeting to see if you are compatible

[Toymeister]

Fidelity has an office in lake Sumter, 1057 Lake Sumter

[coralway]

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

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.

[vintageogauge]

I have used and invested with several planners, advisors, etc. over the years and then I came across Fisher Investments. They are extremely thorough in analyzing your individual situation and make recommendations according to your wants and needs, they are not pushy and it takes several weeks and a few hours of your time and theirs to come up with a plan specific to you. Even if you choose not to go with them at the end the information you will receive is worth the time spent with them. They also have a lot of free services such as succession planing, tax help, wills and trust help, etc. and once you are with them you get what seems to be weekly informational videos and seminars, etc. They are located in Tampa however they do come to The Villages several times per year if you want to meet in person. I believe they have a minimum investment of $500,000.00 so they are not for everyone. If you want to talk with them I would recommend calling Heather Styles to get the ball rolling, you can search her name to see her credentials and contact information. Good luck in your efforts

[CoachKandSportsguy]

Actually, met with a Fidelity Advisor tonight, and there commission structure is not tied directly to what they recommend, but are paid salary from a pool of money which is paid to FMR, as a percentage of all assets under management, and then additional incentives for recommendations and other non direct sales. My money is already in Fidelity, so there is no additional charge for meeting and making a plan with you. . .

Good luck, but its a good step if you don't have any financial experience, or want to start again with a new advisor. I recommend one with either an MBA or CFP, CFP being preferable and MBA being dependent upon experience. At retirement i recommend starting with a 40/60 equity/fixed income,short term interest balance, as you are less interested in growth and more interested in preservation and income.

finance guy

[villagetinker]

We use Ameriprise, my advisor has a plan setup to fit our goals and has done very well for the last 15 years.

[biker1]

A couple of ideas:

Vanguard has a personal advisor service offering for 0.3% of the money under management. They will recommend Vanguard Mutual Funds and ETFs but given their large portfolio of funds and ETFs, that is not a bad thing. I have had a few conversations with them but have not pulled the trigger. Vanguard also has a robo-advisor offering for 0.15% of the money under management but there are some restrictions. Of the local people I have spoken with, Tom Ruggie of Ruggie Wealth Management made the most favorable impression on me. They charge 1% of the money under management. I am not using them either but may reconsider in the future.

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

[Babubhat]

Ameriprise sold my company funds that had excessive fees compared to competitors . Can’t recommend

[Michread]

Rick Ferri

Rick Ferri, CFA – Investment Analysis and Advice

[GRACEALLEMAN]

Originally Posted by DAVES

There is a difference between a financial advisor and say,"from Fidelity." Fidelity is a brokerage. They will help you to buy Fidelity products. They will not say there is a better alternative from a competing brokerage. MY OPINION Fidelity has a major advantage in the villages as unlike others that are on line you can stop by at their Lake Sumter office.
For me a big plus. Paperwork such as required minimum withdrawals, mistakes can be very expensive, correcting mistakes can be a real pain. My view about most things, it is better to do it right the first time and having someone more skilled than I am review it -helps avoid mistakes. Fidelity has a very broad line. If, you want a fund that investing in almost anything you can think of it is likely that Fidelity has one or more.

"That truly understands wealth retention and income," that is first of all perhaps the job of a financial advisor. They would or should have you explain what wealth retention and needed income mean to you. You may need to set up a will, trusts, medical stuff etc etc etc. A financial advisor. No one works for free. Some are paid by commissions on what they sell you, thus a bias for high commission items. Others are paid fee for time and you put the plan into effect at one of the brokerages some of the popular ones are Fidelity, T. Rowe Price and Vanguard-in alphabetical order.

Vanguard is the lowest commission and highest wonderful service...has made us a lot of money and sage advice.

[Luggage]

Is to learn as much as you can yourself. If you truly have a lot of money, you need a tax lawyer, and accountant as well as a good insurance agent, and a stock brokerage with good agents as well. Then you have to mix the pot and use some common sense. There is nothing wrong with not being invested in the stock market if you're much older than the average person in The villages and there's nothing wrong with having 50% of your money in the stock market as well as long as you have a lot of money left over to cover you in case of a major recession. You should be talking to a lawyer basically because you want to have a Goodwill, and a living trust . It also depends of course on whether you're married or a single or have children and grandchildren you want to leave money too. As well as whether you want to spend it all before you go

[rlcooper70]

Interesting Concept you present. If you have money and want to keep it and get the market return ... just buy one of the Fidelity Funds that is geared to someone of your age. They automatically, as you age, morph into safer investment. If you are okay with more risk and still want a simple approach, just subtract ten years from your age and buy that fund. Keep it simple.