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[quote=Anonymous][quote=Anonymous]We have quite a bit of money with an investment advisor at a large bank. Our main contact is a CIMA, CPFA, if that means anything.
We don't use this group for day to day banking, just investments. When I call or email the team with any immediate needs, they always take care of everything right away. However, we haven't had a meeting or phone call "checking in" to with our main person in about 3 years. No questions about whether our goals have changed, report on how the investments are doing and what they are thinking about/paying attention to, etc.

Just wondering how often you get a check-in meeting with your advisors. In the past, I don't find them particularly enlightening, but I also feel like someone should be asking me if I have questions, reminding me to update wills or insurance portfolios, etc. Thanks for any input. Would also love to know how many basis points you are paying your advisors. Account is over $1m.[/quote]

I had one for over 10 years and fired them recently (about a year ago).  Currently managing things myself.

I used to get e-mails about once a year asking if I want to meet/checkup; offers on new products/solutions; weekly newsletter; monthly newsletters, etc.  But in the end, it didn't seem like their diversification or them moving things around really helped with return.  The portfolio they were managing was the worst performing component of my net worth and I was paying a 1% fee.  I had about 600K with them when I pulled the plug.[/quote]

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