Managed accounts - Fidelity
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Anonymous
| I have a new adviser assigned to me through Fidelity. The old one was wonderful and I trusted him completely but he was promoted. I met with the new guy and he said he would put together a plan for me since it had been awhile since I had rebalanced my portfolio. I used to be more on top of my portfolio but life has kept me busy. The plan he put together for me was basically a managed account. I agreed to it just going on his word (he really didn't explain it that much to me) but then afterwards I had second thoughts and upon googling, I saw that it wasn't really worth it for people who have under a certain amount of money. I immediately put a stop on everything that same day and plan on changing advisers. I just wanted to get everyone's opinion on the managed accounts - from what I read, I could do this myself - with just a little bit of work. For what it's worth I have about 50k in a Roth, 20k in an IRA, 120k in a individual account. My 403b will be changing from Fidelity due to my employer. |
Anonymous
| Yeah...if this is Fidelity Portfolio Advisory Services, definitely not worth it. |
Anonymous
| Is this for retirement? Just switch to vanguard and use target retirement funds |
Anonymous
| My company switched to Fidelity and I dislike them. I personal rate of return is -6% since they started managing it. I'm not happy. |
Anonymous
| You need to (1) compare it to market and (2) not have them manage your money. Just use index funds. |