I agree with Blue. The fees are too high. They are selling you on "we can do it better" with their proprietary formula of active trading. Active trading historically underperforms index funds. The longer time period, the worse active managed funds perform. On top of underperformance they charge you more for it. Check out the SPIVA report card.Blue_Radio wrote: ↑Fri Jun 02, 2023 8:25 pm A 2.5% advisory fee seems high, even if that figure includes mutual fund fees, if such equities are included in the portfolio Retirement Protection Solutions proposes for you. (Aside: Why is it so fashionable to put "Solutions" in company names these days?)
Lower rates are out there for managed accounts. Major companies (Fidelity, Schwab, etc.) have advisory fees that start somewhere around 1.5% for modest portfolios (far less than $1M) and decrease as the value of the portfolio increases, perhaps around 1.0% for a $1.5M portfolio.
Regardless of who you go with, be it a well-known company (Schwab) or someone hanging his shingle in the DC area (Larry), you should be provided a detailed explanation of how the fee is calculated and how and when you'll pay it. It can be complicated, so read through it carefully. Don't be shy about asking follow-up questions if something isn't clear. The idea here is to determine if the fee is likely to provide value added.
https://www.spglobal.com/spdji/en/index ... ive-debate