New to managing finances here (fellow physician), and after doing some research on WCI and other places I figure that having a financial advisor isn't helping me the most. I have a Roth IRA account at AssetMark that an advisor set up for me, and I'm being charged 1% annually from him along with expense ratio of 0.05% from AssetMark itself. I opened a Roth IRA account with Fidelity and would like to move it there, which appears I can do it through Fidelity via a direct trustee to trustee transfer.
My question is this - do I need to communicate with this financial advisor doing this? I just want to make sure I won't get into any trouble doing this; I signed an investment proposal but the proposal stated that it wasn't a contract.
Thanks in advance.
My question is this - do I need to communicate with this financial advisor doing this? I just want to make sure I won't get into any trouble doing this; I signed an investment proposal but the proposal stated that it wasn't a contract.
Thanks in advance.
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