That’s your problem right. Where did the money go? You need an audit, you need to find out. Maybe your husband stole your money, maybe he put it in risky investments and lost it, maybe he gambled, maybe…. Confront him and find out what happened. |
So they weren't an independent advisor? For example, they worked for Fidelity and put you in Fidelity funds? |
You need a marriage counselor not a financial planner. |
You say you don't have much in savings/assets but have a $500k+ income. So that makes little sense. You also don't list your age so it is hard to really know what is the issue(s) here. You and your husband have a responsibility to manage your $$$ effectively. A visit to a fee only CFP probably makes sense to get a financial plan that you could implement to meet your financial goals. You right now need a plan not a financial product. Do not see a Life insurance salesperson playing the role of a FA. |
You can find fee only advisors (who don’t expect a chunk of your life savings every year—which is a ripoff, but very common in this area).
Studies show that index funds tend to equal or outperform asset managers, but they will never admit that. Find a Certified Financial Planner at Garrett Planning Network. They could be in another set of the country if you find one you like. (I did that, for a major life transition. Paid a flat fee for a plan. I could trust their advice since they had no reason to head me in I’ve direction vs another.) Good luck |