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Old 05-02-2010, 09:09 PM   #81
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I don't know FD your way seems odd. If I have $999,999 I pay $11,000/year if I have $1,000,001 I pay $8500. That isn't how most fee structures work I've seen in the financial world.
Maybe you could pull $2 put of your wallet to save $2500 a year? Most people would........
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Old 05-03-2010, 12:15 AM   #82
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$4375 if you use the OP's numbers, but who's counting?
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Old 05-05-2010, 10:24 AM   #83
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Another thing to consider: the advisor may appear like he is good. But be careful to not fall for the halo effect.

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Old 05-05-2010, 11:14 AM   #84
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Another thing to consider: the advisor may appear like he is good. But be careful to not fall for the halo effect.
Definitely not a problem with the folks on here.............
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Old 05-07-2010, 12:02 PM   #85
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If there are folks who use the professional advisors, it would be intereting to read what advice they are giving during the crazy time of the market freefall. Were they running for the hills themselves? Were they screaming, buy buy buy? Would be interesting.
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Old 08-29-2010, 06:44 AM   #86
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If there are folks who use the professional advisors, it would be intereting to read what advice they are giving during the crazy time of the market freefall. Were they running for the hills themselves? Were they screaming, buy buy buy? Would be interesting.

I talked to a person I know that uses an adviser. The person was in the mid-fifties. The adviser pulled this person out of the equity market during the meltdown and eased them back in... late '09 or early '10.
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