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Reply to "Am I overpaying my financial advisor?"
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[quote=Anonymous][quote=Anonymous]^^Meant to say your 1.25% AUM, not 1%. Am guessing that going through all the other funds would show that they are all high load and high expense ratio. Not only that, you have far too many different funds. Your financial advisor seems to be selling all of these to you to benefit his firm and him from all those fees. Plus the AUM. Borders on criminal for a $700,000 portfolio in my view.[/quote] Yup I looked at the second one and it's similar - expense ratio of 1.32%. OP, run as fast as you can from this FA. Ironically an earlier poster was right about tax advice being something worth paying for, unlike someone to move.money around for you. As you sell these awful funds you will have some tax hits, might be worth sitting down with a good tax advisor for an hour to map out the best way to do that. [/quote]
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