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Anybody using Wells Fargo to manage their investments? (wealth management)

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  • Anybody using Wells Fargo to manage their investments? (wealth management)

    Hello

     

    Met with a financial advisor at WF and he looked at my entire financial situation and use an approach called " Envision® Investment Plan". It 's kind of a software that takes into accounts you assets, liabilities, goals..... Do similar software exist in the market? If so, any recommendations? The guys seemed to know what he was talking about but I don't like the idea of paying 1.25% of my assets on a yearly basis to have a software manage my finances. Any thoughts? Thanks

     

    Amadeus

  • #2
    Take a few days and read The Bogleheads' Guide to Investing and The White Coat Investor: A Doctor's Guide to Personal Finance and Investing. Those two books will save you more money than you realize. 1.25% is highway robbery for something so simple.

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    • #3
      1.25%! OMG, thats insanity.

      Yes, almost every bank and even some regular free finance sites have similar tools. Not that you need them. Pick an allocation, shovel as much in as possible. Let sit for 20-30 years. Serve over next 40 years.

      Envision® your "advisor" getting rich of you

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      • #4




        Do similar software exist in the market? If so, any recommendations?
        Click to expand...


        Yes. I recommend you don't use them.

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