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-   -   Portfolio Management (http://www.early-retirement.org/forums/f28/portfolio-management-33654.html)

Bikerdude 02-27-2008 05:24 PM

Portfolio Management
 
A friend of mine has been talking to a representative of Zacks financial management. They have been handling high net worth individuals since about 1997 or so. Their other claim to fame is doing quantitative analysis for large investment firms.

It looks like the program is managed by Zacks but executed by a local brokerage house who handles the trades. Seems like Zacks charges a 1.5% management fee. Iím not sure who picks up the trading costs.

Does anybody have knowledge of this firm or its track record? Has anybody done business with them or know someone that has?

Their portfolios seem to have beaten the S&P500 by a substantial amount over 1,3,5,7 & 10 year periods.

LOL! 02-27-2008 05:49 PM

Who cares if they beat the S&P500 ... especially over a period that included a great bear market? Did they beat a reasonably asset allocated portfolio say one of those listed at Index Funds | DFA Funds Approved Advisor - Dimensional Fund Advisors Approved?

A854321 02-27-2008 06:49 PM

1.5% is a very large fee. Have you looked into Portfolio Solutions? Rick Ferri charges 0.25% yearly.

Bikerdude 02-27-2008 08:30 PM

Quote:

Originally Posted by A854321 (Post 621488)
1.5% is a very large fee.

Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.

DblDoc 02-27-2008 09:03 PM

Quote:

Originally Posted by Bikerdude (Post 621529)
Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.

Plenty of negative in many of the recommended books list here. I'm in the middle of The Successful Investor Today by Swedroe and the first several chapters are devoted to how poorly managed funds perform, and why.

DD

serie1926 02-28-2008 09:06 AM

We have had great success with Texas Wealth Management.

www.texaswealthmanagement.com


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