Money For the Rest of Us
Money For the Rest of Us
J. David Stein
When Should You Hire An Investment Advisor? Two Case Studies
29 minutes Posted Aug 17, 2022 at 9:04 am.
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Show notes

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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