I met my adviser through my network (he’s at Morgan Stanley). His value add is that he makes sure that I’m doing the things I need to do to build wealth (contribute to accounts, tax mitigation, review of assets, make sure my trusts are in order, etc.). I meet with him 2-3x a year for an update. He sends me research and ideas from the Morgan Stanley team (which I really like reading). The portfolio setup I have with them is granular across the major asset classes (equities, fixed income, currencies, commodities, real assets, vol), and we make sure that the portfolio is properly allocated. The bulk of my net worth is tied up in a fund I manage, so the accounts he runs are primarily tax-advantaged accounts (Roth’s, IRAs)
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Portfolio Planning DIYT or advisor
- Thread starter mozung
- Start date
Nice to hear that. Is it possible to share that report if it is not personal or anything? How much these advisors usually charge?I met my adviser through my network (he’s at Morgan Stanley). His value add is that he makes sure that I’m doing the things I need to do to build wealth (contribute to accounts, tax mitigation, review of assets, make sure my trusts are in order, etc.). I meet with him 2-3x a year for an update. He sends me research and ideas from the Morgan Stanley team (which I really like reading). The portfolio setup I have with them is granular across the major asset classes (equities, fixed income, currencies, commodities, real assets, vol), and we make sure that the portfolio is properly allocated. The bulk of my net worth is tied up in a fund I manage, so the accounts he runs are primarily tax-advantaged accounts (Roth’s, IRAs)
What has driven me nuts in the process of finding someone to work with is the lack of input from friends and family. I have asked numerous people who have started this process all ready, including 2 who are retired and have been since they were 52. None of them wants to say much or necessarily give a recommendation, beyond that they like the person they are working with, no details as to why.
Even my sister who is retired won't say whether she likes the guy she is working with, or how much she pays, etc..
The only exception has been a neighbor who is over the top in her praise of her guy, who is with Morgan Stanley. I am going to meet with him in a few weeks, but still want to interview at least 2 others.
Even my sister who is retired won't say whether she likes the guy she is working with, or how much she pays, etc..
The only exception has been a neighbor who is over the top in her praise of her guy, who is with Morgan Stanley. I am going to meet with him in a few weeks, but still want to interview at least 2 others.
You are right. I also felt the same. I think people are just over sensitive about the finances or don't want to take any blame. TBH If someone asks me I tell them what I would do and reason why I would do. And may be recommend to small position as well when I'm at least 90% confident. Purpose is to help and educate people ; little bit hand holding does not hurt so they get some confidence. IMO.What has driven me nuts in the process of finding someone to work with is the lack of input from friends and family. I have asked numerous people who have started this process all ready, including 2 who are retired and have been since they were 52. None of them wants to say much or necessarily give a recommendation, beyond that they like the person they are working with, no details as to why.
Even my sister who is retired won't say whether she likes the guy she is working with, or how much she pays, etc..
The only exception has been a neighbor who is over the top in her praise of her guy, who is with Morgan Stanley. I am going to meet with him in a few weeks, but still want to interview at least 2 others.