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Author: MikeMiser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25265  
Subject: Rollovers? Date: 3/8/2014 12:56 AM
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I already have a rollover IRA from an older 401k. This Rollover is with TRowe and I have been relatively happy with it. Fees on many funds are a bit high.
I have another 401k with Fidelity. Very happy with this but the company is changing providers to Hewitt.
At some time in the next year I may be making a change and will be able to roll this over as well.
I am looking to roll this one over to an actively managed account.

Does anyone have advise on which firms would do a good job and also have lower fees.
Looking at TRowe, Fidelity, Etrade, and Merrill Edge.

It looks like Merrill Edge has the lowest fees but I may be missing something. Anyone have experience with managed accounts at these firms?

Thanks, Mike
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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25199 of 25265
Subject: Re: Rollovers? Date: 3/8/2014 1:00 AM
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Try ScottTrade as a low cost self-directed option.

Fuskie
Who had been happy there for neatly 15 years...

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Author: MikeMiser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25200 of 25265
Subject: Re: Rollovers? Date: 3/8/2014 10:08 AM
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Fuskie,

Thanks I have a regular trading account and a small Roth at Scottrade. Love them also.

was lokking for a managed full service broker, bank to take about 35% of my savings and have them try to make money through active management.

Thanks,

Mike

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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25201 of 25265
Subject: Re: Rollovers? Date: 3/8/2014 4:41 PM
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All the firms you name offer managed accounts. I would suggest you focus on performance for the risk profile you find acceptable. I would consider fees secondary to performance.

They should have a prospectus showing recent investments and performance. Are you comfortable with the risk implied? How does their performance compare to the S&P or other suitable indicies.

Keep Bernie Madorf in mind. Highest return can also mean highest risk of losing all.

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Author: MikeMiser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25202 of 25265
Subject: Re: Rollovers? Date: 3/9/2014 10:05 AM
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Paul,

Thanks, I have already looked at some of that and am willing to take a bit of risk as this is a portion of my investments and not the whole ball of wax so to speak.

I am looking at risk, returns and fees.
Mike

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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25203 of 25265
Subject: Re: Rollovers? Date: 3/10/2014 9:44 AM
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Keep Bernie Madorf in mind. Highest return can also mean highest risk of losing all.

Let's keep some things in perspective. Merrill Edge and the others are in no way similar to Madoff. The rules and laws that govern both forms of investment accounts are completely different.

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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25204 of 25265
Subject: Re: Rollovers? Date: 3/10/2014 1:45 PM
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Agreed, but keep in mind if you continuously ask for top returns, do not be surprised if someone eventually introduces you to a hedge fund or worse.

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