When Should You Hire An Investment Advisor? Two Case Studies
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
