Here are 5 things to consider when deciding whether to leave your investment advisor (plus one bonus tip). Personal Capital Fee Analyzer: https://robberger.com/go/personal-cap...

This video is in response to the following question a viewer recently asked me:

"Should I dissolve my relationship with my financial advisor? They charge “just 1%”, as they say.

Here’s why I’m hesitating:

They manage my traditional IRA and one of my taxable accounts, and together that’s about 1/3 of my total stock/bond investments. Mercifully, the portfolio is made up of very low cost index funds in Vanguard, Wisdom Tree, and i shares. They do not manage my 401(k) or my separate taxable account in Vanguard (invested much more simply in roughly 75% S&P 500, 10% small cap value, and 10% CA munis).

The team (including a lawyer looking at my legal stuff) helped counsel me about a home refi, disability insurance, and made me realize I had to update my trust. I’m assuming that was included in the 1%. So yes, there is a crushing 1% fee - but is it crazy for me to think of it as only 0.33% since they advise me on everything?"

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Video Resources
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Personal Capital Fee Analyzer: https://robberger.com/go/personal-cap...
List of Low Cost Advisors: https://robberger.com/low-cost-financ... (note that this list is a work in progress. Please let me know of any low cost advisors that I should add).
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Investing Tools
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My Book (Retire Before Mom and Dad): https://amzn.to/2MsRJ9B
Personal Capital (Investment Tracking, Retirement Planning): https://robberger.com/go/personal-cap...
New Retirement (Retirement Planner): https://robberger.com/go/new-retireme...
Stock Rover: https://robberger.com/go/stock-rover/yt-
M1 Finance $30 Bonus (IRA & Taxable Accounts): https://robberger.com/go/m1finance-bo...
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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.