Post #92 by bighairymike on the US Policy board

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The wealth manager will allocate the rest towards her firm's value & income fund (keeping it status quo) and some non-China low fee EM and international funds. Glad she was open to advice and realized that it was lagging performance + higher fees. - WEBspired

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If the wealth manager realizes performance is lagging and fees are higher but still keeps half your moms assets in those same under performing conditions, then it is time to find a new advisor. Better still, eliminate the advisors and associated fees all together and split your moms assets between three or four broad index funds (or ETF's) with ultra low fees below 0.1% such as those from Vanguard where I have mine. Is the asset manager still managing the assets you directed go to RSP, etc. If so, is she still taking her 1 or 1.5% AUM fee on that half of the assets?

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