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My mother (60) hired an investmeny manager, regretfully, to manage her retirement account. At first, he put all of her money in high-risk categories. I forced him to change that. Then, he put all of her money in Money Markets. Half of the symbols cannot be found for tracking. Is there a way to track these? AEBXX, AMBXX, NPDXX, & NPFXX. AEBXX can be found, but not the others.
My next question: He has all of her money in 7 Day Net Yield accounts. Aren't there higher yields if her money is in money markets for longer durations before reinvestments? Basically, I am just trying to determine whether or not he is acting only in his behalf in order to get more commissions. Without her knowledge, he set up her portfolio in such a manner that she cannot withdraw any of her money, without major penalties, for seven years. It is outrageous! She is 60, and was recently laid off from her job of 35 years. He knew that she would need some of her money before then. Do we have recourse? Any advice
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