I started working with an Advisor group in 2008 or so. They put me into a Wells Fargo FundSource program which had both fund fees and fees through them.
It was cheaper to move to a "managed account models" format where they charge a 1% AUM fee and buy and sell individual stocks to meet a model, across large numbers of accounts at once.
My taxable account is set up as "companies that keep growing their dividends" as it had less buy/sell than the growth account they put my IRA into.
Taxable is about market performance. IRA growth model tends to raise cash to play defense and buy back in (was 1/3rd cash at some points in 2022 i think), but I'm still down 10% from Dec 2021 levels when market has grown beyond.
This seems overcomplicated at <40 and I think I should have them move both to index funds and either them or someone suggest allocations.
It was cheaper to move to a "managed account models" format where they charge a 1% AUM fee and buy and sell individual stocks to meet a model, across large numbers of accounts at once.
My taxable account is set up as "companies that keep growing their dividends" as it had less buy/sell than the growth account they put my IRA into.
Taxable is about market performance. IRA growth model tends to raise cash to play defense and buy back in (was 1/3rd cash at some points in 2022 i think), but I'm still down 10% from Dec 2021 levels when market has grown beyond.
This seems overcomplicated at <40 and I think I should have them move both to index funds and either them or someone suggest allocations.
Statistics: Posted by Backyard8097 — Mon Sep 02, 2024 11:02 am — Replies 3 — Views 127