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Ramadan Mubarak to everybody celebrating <3 !
What are your favorite mutual fund families?
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They have no face-to-face Advisor. They work with a consultant over the phone. Their assets are then managed but a portfolio management team. No mutual funds, no annuities. They sell against the idea of mutual funds mainly due to fees. Fisher charges around 1.5 but it’s negotiable downward plus trading cost.
I’ve heard they would rather die and go to hell than sell an annuity. Hope that helps.
I would explain that 600k is not enough money to be in an all equity model. If you have riskalyze, I would imagine the score would be north of 70. Play up the risk associated with equity only investments. Show them a graph of GE over the last few years.
Few international stocks. It’s basically a mutual fund with one fund manager. He’s paying 1.25 on the account. Obviously I want to move the money. Any tips?