No. of Recommendations: 0
Dumb Newbie Question:

What are the advantages & disadvantages of these two different methods of hiring someone else to manage your retirement money?

For example, SSB has this flock of what they call Private Portfolios, where you actually hold the stocks from a variety of these portfolios, each having their own manager. This approach, versus going to an advisor who sets the retiree up with a set of regular mutual funds designed to meet his needs and risk profile. In one you hold stocks, in the other you hold mutual fund shares.

The private portfolio approach also may have sizable fees, and require lots of money for entry. Yet, they seem to live on and attract customers.

Any comments on operating comparisons, opinions, etc, are welcome and most appreciated.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.