I am reviewing my widowed, 78 year old mother's IRA. She has a less-than-stellar investment counsellor who is the typical "nice guy" who takes care of old ladies. On a portfolio of $550K, she is charged approximately 0.27% quarterly. I also note a "bond timing fee" of about $300 or so each quarter. Why would this be necessary? I am concerned about these fees being excessive and eroding her portfolio from underneath her. She is concerned because if she wants money all she has to do is call "Doug" to get money sent to her, and is, at this point, terrified of doing internet transfers or banking.
What do you guys think?
What do you guys think?