Hello Bogleheads, this is my first post. I recently finished reading Larrimore's The Bogleheads' Guide to the Three-Fund Portfolio, The Bogleheads' Guide to Investing. I am now reading Rick Ferri's All About Asset Allocation, Swedroe's Your Essential Guide to Sustainable Investing, and Bernstein's The Four Pillars of Investing. Have spent a while lurking and reading the Wiki. This has become one of my favorite websites. What a great resource this place is.
I'm trying to help my soon-to-be in his eighties father get out of Fidelity Wealth Management because they have been charging him way more than he is comfortable with over the last 7 years. He has assets in the seven figures with Fidelity. The asset allocation is 82/10 with 7% MM which we don't think is appropriate for his age and situation. Can anyone recommend a financial planner in the Boston area who is willing to work on a one-time financial plan for him? I've already reached out to several people I found on NAPFA, Garrett, Fee-Only Network, ACP. I don't want AUM. I've heard back from 11, all either CFP, CFA or ChFC but it's hard to know if they're any good. And I don't know how to figure that out before meeting with any of them. He's got a rollover IRA, taxable account, annuity, whole life insurance. The IRA we have the flexibility to reposition without tax consequences, but the taxable account is loaded with so many different funds that I'm thinking we need some guidance on how to extricate ourselves while minimizing taxes. My mother also has a taxable account at Schwab with many expensive funds I want to get her out of. The fees are lower there but still thousands more than she could be paying with cheaper funds like VTI. He has already worked with an estate planning attorney, and has everything in trusts, so at least that part has been taken care of. I would appreciate hearing any suggestions or advice you might have. Thank you.
I'm trying to help my soon-to-be in his eighties father get out of Fidelity Wealth Management because they have been charging him way more than he is comfortable with over the last 7 years. He has assets in the seven figures with Fidelity. The asset allocation is 82/10 with 7% MM which we don't think is appropriate for his age and situation. Can anyone recommend a financial planner in the Boston area who is willing to work on a one-time financial plan for him? I've already reached out to several people I found on NAPFA, Garrett, Fee-Only Network, ACP. I don't want AUM. I've heard back from 11, all either CFP, CFA or ChFC but it's hard to know if they're any good. And I don't know how to figure that out before meeting with any of them. He's got a rollover IRA, taxable account, annuity, whole life insurance. The IRA we have the flexibility to reposition without tax consequences, but the taxable account is loaded with so many different funds that I'm thinking we need some guidance on how to extricate ourselves while minimizing taxes. My mother also has a taxable account at Schwab with many expensive funds I want to get her out of. The fees are lower there but still thousands more than she could be paying with cheaper funds like VTI. He has already worked with an estate planning attorney, and has everything in trusts, so at least that part has been taken care of. I would appreciate hearing any suggestions or advice you might have. Thank you.
Statistics: Posted by PassivePanda — Wed Sep 04, 2024 11:25 am — Replies 1 — Views 45