Quote:
Originally Posted by DETRoadster
I know, right?
Spreading my risk. My guys are paid a straight percentage so while that keeps them honest with respect to what investments they pick, it also incentivizes them to grab the largest slice of my investment funds possible. So I always take that into consideration. They have about 50% of my total portfolio and are itching to get their hands on a nice little chunk that I have poorly invested in some annuity BS my last advisor steered me in to 7 years ago. I'm considering moving that and trying to figure out where. Hence all the questions here.
|
I am in the business. My opinion is that it's more beneficial to give them most if not all and let them work for you. It will be more advantageous to your total cost (more assets, better rates, and ability to leverage management to reduce fees) as well as value added they can provide because they see the whole picture. If they are worth their weight they will provide a total financial plan that you are comfortable with as well as legacy planning for your kids (insurance and trusts). I find when you have different brokers then you have too much overlap and get hurt in the down times.
Just a thought.
