Reply to Those retirement planning seminars with free dinner..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][img]https://i.ibb.co/TWqZJxF/image.png[/img]

Geez, these guys have $5.8 billion under management with 50-120bps per year fees?

Even that 0.75% average fee that's north of $40 million a year in revenue with only 86 employees. Good job if you can get it but it's crazy to me that a firm with 86 employees total is servicing over 3,000 families.[/quote]

This is what the firm says about investment management. I have bolded the BS langauge.

Translation  
We use models so we can service as many people as possible. 
Investment Policy Committee over a dozen senior professionals - Makes it sound like they are adding value. They can fire a dozen of them and do just as well.
Market conditions, research studies, economic analysis - all old school broker language that use to and still does fake people into thinking this is important
Ongoing research to ensure strategic decisions...blah blah blah more horse

INVESTMENT MANAGEMENT
IN-HOUSE EXPERTISE

Many advisory firms outsource their investment research. At Cassaday & Company, Inc., we have a [b]robust, analytical process[/b] in place to ensure we are in complete control of our investment selections, asset allocations, [b]models,[/b] and overall investment strategies. [b]Our Investment Policy Committee[/b] (IPC)—consisting of over a [b]dozen senior professionals[/b]—regularly reviews our clients’ holdings and asset allocation, [b]market conditions, [/b][b]research studies, economic analysis, and other areas relevant to the investment process.[/b] This approach encourages regular collaboration and [b]ongoing research to ensure that strategic decisions are vetted and thoughtfully considered before they can impact your portfolio.[/b][/quote]

Yep, this is some very expensive handholding via automated processes. For that $6,000 annual minimum you can have a financial planner review your entire portfolio and strategy every year if you wanted. The principals at this place must be making money hand over fist![/quote]

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