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URL:  http://boards.fool.com/before-you-pull-the-trigger-and-jump-into-29883596.aspx

Subject:  Re: Any reason to keep my financial advisor? Date:  3/2/2012  9:12 AM
Author:  Hawkwin Number:  70263 of 76075

Before you pull the trigger and jump into something new, again. Try having a conversation with your advisor.

1. Are the fees negotiable?
2. Are the fees really 1.15% or is that what they are listed in the generic prospectus? The reason I ask is that in many cases, such managed wrap accounts use I, S, or some other form of share class that is cheaper than the typical A share even with the fee waived. If they are using an A share, any 12B1 fees (.25 of the total) are required to be refunded to you.
3. Ameriprise offers a full financial plan that considers all your assets - but last I heard they charged a few hundred dollars for it.
4. You can certainly tell the advisor that if they don't stop trying to sell you stuff you don't think you need, that you will take your money elsewhere.
5. Lastly, you should be able to ACAT the funds in the managed account to a non-wrap, non-managed account if you like the funds you have but don't want to be stuck with the fees.

PS: It feels a bit icky to see a direct link to the actual guy. I know if I was in his shoes right now I would feel a bit insulted. Knowing his name and address really should not change our reply to you.
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