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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.

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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

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248: How to Avoid Investment Fraud

303: How To Do Financial Planning

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