Rich_by_the_Bay
Moderator Emeritus
I have been using an Alliance-Bernstein investment advisor for a while. First it was for everything. Then I pulled bonds from him since at commissions as high as 1.5%, there was no value in that. Now I am getting ready to pull growth and international from him, but leave him with my value and REIT allocation management since those classes have done very, very well through Bernstein, even after commission.
I figure that those are two sectors where their legendary research may be worth something, compared to the other sectors and, at least for a few years, they have performed well compared to the closest Vanguard, low expense equivalent. I benchmark him annually against what I would have done myself ( usually a Vgd fund).
Does this sound sensible? I am not sure whether I am weaning me from him, or him from me but at this rate his tenure with me is limited. Nice guy, smart guy, good company but the fee$ are too high for most types of investments.
I figure that those are two sectors where their legendary research may be worth something, compared to the other sectors and, at least for a few years, they have performed well compared to the closest Vanguard, low expense equivalent. I benchmark him annually against what I would have done myself ( usually a Vgd fund).
Does this sound sensible? I am not sure whether I am weaning me from him, or him from me but at this rate his tenure with me is limited. Nice guy, smart guy, good company but the fee$ are too high for most types of investments.