When Should You Hire An Investment Advisor? Two Case Studies | Money For the Rest of Us Podcast
We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire Schwab's robo-advisor service and manage his portfolio on his own.
Topics covered include:
- What elements are part of a financial plan
- What to consider when researching an investment advisor
- What is a core-satellite investment approach
- Why Schwab was fined $180 million for misleading its clients about the cash balance in its Intelligent Portfolios service
- How to decide if an investment advisor is a good fit
- Why no portfolio can be on autopilot, but they can be as simple as two ETFs
For more information on this episode click here.
Sponsors
Express VPN - get three months free on VPN service
Masterworks - Invest in contemporary art
Show Notes
Schwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees—SEC
Cease-And-Desist Order Against Charles Schwab & Co, June 13, 2022—SEC
Related Episodes
92: What Robo-Advisors Recommend
248: How to Avoid Investment Fraud
303: How To Do Financial Planning
See Privacy Policy at link and California Privacy Notice at link.