Yes, but before I do that is it ok to post a business name on here?
Unsure of the rules and don't want to be doing something I'm not supposed to. Moderator-- are we allowed to do this?
Like everyone one else here I have been managing our financial affairs on my own, my wife has tried on numerous occasions to assist/ try to understand it, but she just gets too frustrated with it. As others have posted I don't want to pay a high AUM, but I don't want to leave my wife in a tough situation either, should my demise occur (and being older it is more likely). Searched around for about a year and all the AUM's were between .75 and 1% for our portfolio size. Finally through some networking I was able to find a company that charges a flat fee based on your portfolio and it worked out to about .10%, they are fiduciary's,and have been in business for about 20 years now, while we started with them 2 years ago. For that fee, we meet 1 time a year to do a very detailed assessment of our holdings, they do our taxes both state and federal, I can call and meet with them at anytime. They have done Roth conversions, capital gains tax harvesting,asset allocation, discussed estate planning etc,etc, that a financial firm would do. The only thing they don't do is active management of the portfolio, they only do index funds through Fidelity, Vanguard or Schwab, which is all I do anyway- except for some fun money that I use for individual stocks that is about 2% of our portfolio. I have been very happy with their services, and although I would much rather not pay a fee, this way I know my wife has someone that she can trust and that she also is very comfortable with.
Comments
Yes, but before I do that is it ok to post a business name on here? Unsure of the rules and don't want to be doing something I'm not supposed to. Moderator-- are we allowed to do this?
Post: Financial Planning
Link to comment from April 13, 2026
Like everyone one else here I have been managing our financial affairs on my own, my wife has tried on numerous occasions to assist/ try to understand it, but she just gets too frustrated with it. As others have posted I don't want to pay a high AUM, but I don't want to leave my wife in a tough situation either, should my demise occur (and being older it is more likely). Searched around for about a year and all the AUM's were between .75 and 1% for our portfolio size. Finally through some networking I was able to find a company that charges a flat fee based on your portfolio and it worked out to about .10%, they are fiduciary's,and have been in business for about 20 years now, while we started with them 2 years ago. For that fee, we meet 1 time a year to do a very detailed assessment of our holdings, they do our taxes both state and federal, I can call and meet with them at anytime. They have done Roth conversions, capital gains tax harvesting,asset allocation, discussed estate planning etc,etc, that a financial firm would do. The only thing they don't do is active management of the portfolio, they only do index funds through Fidelity, Vanguard or Schwab, which is all I do anyway- except for some fun money that I use for individual stocks that is about 2% of our portfolio. I have been very happy with their services, and although I would much rather not pay a fee, this way I know my wife has someone that she can trust and that she also is very comfortable with.
Post: Financial Planning
Link to comment from April 13, 2026