Reply to Letting go of Fee-Based Advisor

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you mean your current advisor is charging a % of managed assets? What is your %? [/quote]

yes, he's charging a quarterly fee based on the value of our total investments.  we're at 1.25%.  we end up paying a few thousand a year, if i were to add up all the quarterlies.  over 15 years, that is a big pill to swallow.[/quote]

We use an adviser also, and we're at 0.75 or 0.8% -- 1.25% is high. Is he independent (like not at a company that also sells their own funds)?

You can always meet with him to ask him to justify his fees. To us, the fees are made up [b]just by them doing tax loss harvesting and portfolio rebalancing[/b], both of which I could do, but would honestly never get done if it was on my list.

Then the added value is on the advisory side. We meet with our advisers once a quarter, and use them for advice on tax minimization, college planning, retirement, plannning, estate planning, and trust planning. If you're not using them for this (all of this is included in the existing fees), then you're not getting the value you could from your adviser.

[/quote]

Using a balanced fun or a Target Retirement fund achieves the rebalancing for far, far less money.  Have you really run the numbers on how often they are TLH?  I find it happens less frequently than many think.  [/quote]

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