I retired one year ago and have managed my mutual fund and IRA investments since retirement. How have you been doing on your owns as compared to some reasonable or applicable benchmark? Do you have a problem in any of the aspects of portfolio management such as asset allocation, diversity, emotions, etc.?I recently met with a representative of Moran Asset Management associated with Wachovia Bank. He presented some impressive statistics regarding the returns of their investments. They generally are very good at presentations.Their fee is a little less than 1%. The historical returns they presented more than compensates for their fee. Maybe and maybe not. IMHO use the service of an advisor if your need them for the services they provide, but, not because you think they will increase your portfolio performance. They must overcome the 1% hurdle before it becomes financially to your benefit. And I think that very few do without additional risk.I'm skeptical but I was impressesd by the presentation. Is there something I'm missing? Remember that the advisor picked the data and information he chose to provide to you in the presentation. I would not expect him to select data that showed him in anything except the best light.Bob
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