If you really, really want to talk to a CFP at Vanguard, you could pay 0.30% per year to sign up for their Personal Advisor Services, which is essentially a semi-managed account (which goes to show how overpriced Morgan Stanley's services are at 1.00%). Vanguard vs Fidelity. Do note that PAS requires a $50,000 minimum investment. I have between 100-150k of investable assets, no debt (other than mortgage @2.875%). The vanguard target date fund I'd want to invest in has 10% bond allocation, which he says is way too high for a market w/ rising interest rates. I have between 100-150k of investable assets, no debt (other than mortgage @2.875%) I’ve had … With 100-150k of assets--no, not worth the fees which may offset the "extra" returns you "may" receive. calling them now. Oddly enough, the target date funds usually have higher expense ratios for Vanguard funds, simply because they ARE a fund of funds and they get rebalanced every so often. There is no way in hell you need to be paying someone to manage $11k. How has your experience been so far? Does anyone have experience with any of the three I mentioned? Cookies help us deliver our Services. This is blatantly bad advice and exposes your advisor for a salesman. I like working with a live person rather than just a robo-advisor. He said no one at vanguard is going to suggest I move assets around based on what's happening in the market. Fund investors nevertheless can do well at Vanguard, but the broker needs a major software overall to be competitive. Clients can add money to existing Vanguard investments through the first quarter of 2018. That's on the very low end for needing bespoke wealth management services. This information is already priced into the markets anyway, so trying to time the market now based on that information is pointless. E-statements, 10k minimum per fund, or qualify for Voyager level($50k in VG mutual funds or ETFs). Why, specifically, do you feel like your situation needs a personal financial advisor rather than a robo-advisor? Fidelity vs Morgan Stanley vs Vanguard, Charles Schwab and TD Ameritrade (2021) Morgan Stanley vs Fidelity (and Others): Fees. The Platinum CashPlus account normally … Call Vanguard, have them pull the account from Morgan Stanley. The vanguard target date fund I'd want to invest in has 10% bond allocation, which he says is way too high for a market w/ rising interest rates. That’s fair feedback. You don't need an advisor. If the market returns 7-10% per year on average, they're essentially taking 10-15% of your gains per year, and that's not even counting fund expenses. There’s a wealth of information on the bogleheads forum. If you’re looking for a platform for investing, you may consider two of the largest brokerage firms, Vanguard and Fidelity. Where do people find these low ER target date funds? More posts from the personalfinance community. To get that you need Vanguard PAS which adds a 0.3% fee on top of the expense ratio and requires a $50k minimum. If you opt for maintaining your indexed mutual funds/ETFs, you could cut expenses even further to around 0.05%. All good responses below, he's trying to screw you. If you really, really want to talk to a CFP at Vanguard, you could pay 0.30% per year to sign up for their Personal Advisor Services, which is essentially a semi-managed account (which goes to show how overpriced Morgan Stanley's services are at 1.00%). Get thee to Vanguard, you don't even need to go through MS, just open the Vanguard account and have them move it. By using our Services or clicking I agree, you agree to our use of cookies. Appreciate it. And he countered with the following arguments: My account fee right now is only 1%, plus a 75 dollar account fee per year. I would've stopped him right there. Join our community, read the PF Wiki, and get on top of your finances! I also like the financial advisor I met with. Then I received a bill from my former employer for the yearly "administrative fee" that they were charged by Morgan Stanley that nearly equaled the amount of the "rebated fee". https://finance.yahoo.com/quote/VFIFX/profile?p=VFIFX. So he's essentially saying that he knows how the market is going to react to rising interest rates? If you want expert financial advice in the future, you should go to a fee-only CFP. If I am managing somebody's asset for 1%, I'd do everything not to let s/he leave a well.". VFIFX has a 0.16% net expense ratio. Vanguard is "only" .05-.2 and NO fee per year, Then don't use a target date fund. Been so long since I've been charged the fee, I've forgotten. I’ve had sessions with all three and so far feel most comfortable with Morgan Stanley. If you never plan to hold more than £80,000 in Vanguard funds then investing via Vanguard's own platform (i.e Vanguard Investor) would be cheaper, assuming you invest via an ISA or general investment account. Is this true? Press J to jump to the feed. "Only" 1%? If you really need somebody to talk to, save up to 25k and sign up for Vanguard Personal Advisors Service. I like that they are willing to invest in actual stocks rather than just ETF’s or indexes. Unless you have $100k+, you'd need to find someone that charges hourly. There's only 11k in it! And if so or not, why? So the question is, if someone paid you $1000-$1500 per year to manage your own finances (checking performance monthly, rebalancing quarterly/biannually, re-evaluating your plan annually), would you do it? I could invest it on my own which is what I’ve been doing, just want to make the best decision possible. TOP 7 Comments General Mills / Data. You feel comfortable because they're salesmen who's job it is to make you feel comfortable. He said there must be some kind of other expenses in "asset management sleeves". Thus spurned, Vanguard cut a deal with Morgan Stanley. Continue managing your own money, in the long run it’ll be cheaper and more tax efficient. Your MS guy believes in getting his commission. r/cardfightvanguard: Everything relating to the TCG, Cardfight!! I won't have anyone to talk to at Vanguard, whereas I can call him whenever I want. Great post! I have been doing my own investment management for about 1.5 years but would really prefer working with a professional that can be dedicated to this full time. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. You will probably have to pay a couple of more fees - account closure, and what not, but getting out of their claws will be worth it in the end. So I would not call that you have nobody to talk to. Target date retirement funds from Vanguard and Fidelity are around 0.15-0.2%. So what do you guys think... should I move accounts? share. Looking into Roth IRAs. Overview of JP Morgan Chase and Fidelity Fidelity and JP Morgan Chase’s new discount broker You Invest Trade both offer trading in securities through online … … Many options out there have no per annum account fee. I like that they are willing to invest in actual stocks rather than just ETF’s or indexes. I have between 100-150k of investable assets. I’ve had sessions with all three and so far feel most comfortable with Morgan Stanley. I felt like I am being treated like I invest in lots of money from Vanguard (I had like $5k in Vanguard). Looks like you're using new Reddit on an old browser. This guy is full of shit and is desperately telling you anything to try to keep fleecing you of your money via the fees you are paying. I also recently sold my home and received a windfall of extra cash. You won't have an individual to give you financial advice if you move to Vanguard, but you can still call them. Each client should always consult his/her personal tax and/or legal advisor for information concerning his/her individual situation and to learn about any potential tax or other implications that may result from acting on a particular recommendation. The one through my company is 0.65 ish. What can I say, he's a salesman. By analyzing existing cross correlation between Morgan Stanley and Vanguard 500 Index, you can compare the effects of market volatilities on Morgan Stanley and Vanguard 500 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Right I technically don’t need one.. part of my wondering is whether an actively managed portfolio can yield higher returns, net of management fees and taxes, than a less actively managed one. Your "family friend" is no friend at all and just trying to save another fee from fleeing. Morgan Stanley is a shitty company and your advisor is harvesting you for commissions with bad advice. 0.3% are still way cheaper than 1%. Not a huge chunk of change. He said no one at vanguard is going to suggest I move assets around based on what's happening in the market. save. This salesman is selling and probably believes what he is saying because his trainer sold him and he doesn't have the education to know its not true! I think it's either e-statements or a certain balance in the account. 2X price target of the current price- per WSJ TBH I'm not sure why they're trying so hard to keep my account. Morgan Stanley vs Vanguard vs Personal Capital. I agree with pretty much everything this guy mentioned above. I won't have anyone to talk to at Vanguard, whereas I can call him whenever I want. I forget the forms off hand but I did it the other year. By using our Services or clicking I agree, you agree to our use of cookies. I told him I want to move my account to Vanguard because of the lower costs.

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