Money For the Rest of Us

When Should You Hire An Investment Advisor? Two Case Studies

Aug 17, 2022

29:17

Highlights

AI Chapters

Episode notes

The Challenges of Hiring an Investment Advisor

02:38

Is It Possible That This Firm Could Deliver One % Higher Return Than This Member Could Do on His Own?

02:19

Investing in the Vanguard Total World Stock Market T

03:00

Introduction

2min

How to Protect Your Online Activity to Day With Express VPN

2min

A Wealth Management Firm That Is Not a Financial Planner

3min

Should I Hire a Financial Advisor?

3min

Is It Possible That This Firm Could Deliver One % Higher Return Than This Member Could Do on His Own?

2min

The Challenges of Hiring an Investment Advisor

3min

Investing in the Stock Market

2min

Master Works Dot Com Slash David.

2min

Schwab Intelligent Portfolios

3min

10.

Is the Robo Shwab Intelligent Portfolios Right for Me?

2min

11.

Investing in the Vanguard Total World Stock Market T

3min

12.

Should I Hire an Investment Adviser?

4min

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

Related Episodes

92: What Robo-Advisors Recommend

248: How to Avoid Investment Fraud

303: How To Do Financial Planning

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