Does anyone have experience with this level of financial service? Can you share the good, the bad, the ugly? I googled, but can't seem to find any info on this 'department' of Fido.
Some background info on us: We are clients of Fido's Private Client Group with some funds managed by their Portfolio Advisory Services Group. They have done a good job for us and we are not considering leaving Fido because we are unhappy with them. We felt we needed a firm with more robust investment offerings, trust dept, life management services, etc. and had decided to transfer most of our funds out of Fido. As DH is retiring next spring, we felt this was a good time. We have no kids; other than MIL, no immediate family on DH's side; and only a brother (great guy, but kind of flaky) on my side. No friends we would feel comfortable with as a trustee.
Due to the long term relationship with Fido, I felt strongly that I needed to speak to our reps and let them know what we were doing. Well, obviously they don't want to lose our business and apologized for not relaying all their offerings to us. It appears their Private Wealth Mgmt Team will meet all of our needs with much lower fees.
DH and I have decided to put the transfer on hold and explore their offerings in this area. However, I can't seem to figure out the difference between this group and the Private Client Group. The description from my rep sounds great and may even be a bit more comprehensive in the tax planning dept than what the other firm has to offer.
Any insight are greatly appreciated.
Some background info on us: We are clients of Fido's Private Client Group with some funds managed by their Portfolio Advisory Services Group. They have done a good job for us and we are not considering leaving Fido because we are unhappy with them. We felt we needed a firm with more robust investment offerings, trust dept, life management services, etc. and had decided to transfer most of our funds out of Fido. As DH is retiring next spring, we felt this was a good time. We have no kids; other than MIL, no immediate family on DH's side; and only a brother (great guy, but kind of flaky) on my side. No friends we would feel comfortable with as a trustee.
Due to the long term relationship with Fido, I felt strongly that I needed to speak to our reps and let them know what we were doing. Well, obviously they don't want to lose our business and apologized for not relaying all their offerings to us. It appears their Private Wealth Mgmt Team will meet all of our needs with much lower fees.
DH and I have decided to put the transfer on hold and explore their offerings in this area. However, I can't seem to figure out the difference between this group and the Private Client Group. The description from my rep sounds great and may even be a bit more comprehensive in the tax planning dept than what the other firm has to offer.
Any insight are greatly appreciated.