Fidelity mymoney checkup2/12/2024 ![]() Also, with Fidelity managed service, I believe there is at least a partial credit for the individual fund expense ratios against the AUM fee. ![]() If this is a tax-advantaged account, there are no loads and there is no tax cost to the churning. If it is in taxable they should be in a tax-managed service. Now, this not to say that I recommend any Boglehead use such a service, but for those who choose someone else to manage their portfolio, there are fare worse choices.įidelity is currently testing a robo-advisor service and tentatively plans to roll it out in the second half of this year. The fee in the former will be up to 0,35%, in the latter it will be up to 0.39% They will use Fidelity Spartan index funds in tax-advantaged accounts and BlackRock iShare ETFs in taxable. This would be a lower cost option that maybe they might be more willing to consider. JoinToday wrote:Send me 1/2% AUM every year, and we will both come out ahead. Get your investment advice from this forum you will save 1% AUM) I have to add additional info to my post above:ġ. I agree with some of the posters that it can be worthwhile to have a review of your portfolio, or have a financial planner give you guidance, but if the OP knows next to nothing, he won't likely be able to discern the gold nuggets from the BS. So I would say: the more you know, the more useful you will find a meeting. And the less likely you will be taken in by the BS.Ģ. I don't feel comfortable telling people how much money I have. I went to a financial seminar once (free lunch, it wasn't worth it), and have been getting mailings to my house for probably 3 years or more. I told him it was a non-starter, I currently pay 0.08% at Vanguard.
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