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In need of a flat fee financial advisor

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  • In need of a flat fee financial advisor

    Hello, I need some advice for rebalancing my wife's and my portfolio. We have a mix of stocks, mutual funds, and index funds in both taxable and tax advantage accounts. I need some help in terms of rebalancing and becoming more tax efficient over the next few years. Does anyone have personal experience with a good fee only advisor? I have read many of the books suggested from WCI but rebalacing this portfolio is a bit above my skill level. I plan to most likely use this fee service every 3-5 years as my situation changes.

  • #2
    I have used two of the WCI recommended advisors:

    1. Aptus financial
    https://www.aptusfinancial.com

    2. Rick Ferri
    https://rickferri.com

    Both are outstanding. Both will teach you something and I consider the fee like a tuition payment. I was very happy with both.

    What you are describing is not terribly complicated and your CPA might be able to help too.

    My simple advise: don't rebalance by selling unless you are using an IRA. Rebalance with new contributions by buying in taxable.

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    • #3
      Originally posted by dentite21 View Post
      Hello, I need some advice for rebalancing my wife's and my portfolio. We have a mix of stocks, mutual funds, and index funds in both taxable and tax advantage accounts. I need some help in terms of rebalancing and becoming more tax efficient over the next few years. Does anyone have personal experience with a good fee only advisor? I have read many of the books suggested from WCI but rebalacing this portfolio is a bit above my skill level. I plan to most likely use this fee service every 3-5 years as my situation changes.
      if you want us to do it for free: https://www.bogleheads.org/forum/viewtopic.php?t=6212

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      • #4
        like peds said. Advice here is free. I bet it’s not as difficult as you think. Plus many opinions are better than one

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        • #5
          I am using FPL Capital Management (flat fee, fee only) and one of the WCI vetted financial advisors. I have been very happy so far. The charges work out to less than 0.1% per year. This is less than the robo Advisors from Vanguard or Ch. Schwab. But this is because they manage for me several million dollars. I self managed myself for decades. Eventually, with both sizable taxable and tax deferred accounts, I lost interest and was leaving money on the table due inertia of not doing anything.

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          • #6
            We were pleased with Aptus, from the list of WCI recommended financial advisors. We used them for a one time portfolio review.

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