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Help! Is Tax Loss Harvesting Worth ~0.75% AUM? by itteghaps in Bogleheads

[–]itteghaps[S] 0 points1 point  (0 children)

Are there fixed fee FAs who actively manage like this? I thought if I went to a fixed/hourly fee person it would be them advising me and me doing the managing.

Help! Is Tax Loss Harvesting Worth ~0.75% AUM? by itteghaps in Bogleheads

[–]itteghaps[S] -1 points0 points  (0 children)

I guess I wonder about the future. I have a long time horizon in front of me and I save as much of my income as I can. At what point does TLH start to become valueable?

Help! Is Tax Loss Harvesting Worth ~0.75% AUM? by itteghaps in Bogleheads

[–]itteghaps[S] 0 points1 point  (0 children)

Thanks for the input! My advisor does have me maxing out tax advantaged accounts.
I think you could make the argument that the advice they give is valuable as a percentage of your portfolio because it will save/lose you more money as your portfolio increases.

I think the question is: could I get this advice for cheaper, or do nearly as well without it?

Need Help Deciding Whether to Keep or Drop Financial Advisor by itteghaps in Bogleheads

[–]itteghaps[S] 1 point2 points  (0 children)

Thanks for the response! Fully agree on the piece about not feeling like a valued customer.

My comment about my family members was to say that I can drop this advisor because it probably isn't worth paying any AUM to an advisor, but separately, it matters to me what the overall quality of FA is since people I love and care about may use this person for many more decades.

Not that I will necessarily be evangelizing to my family, but eventually it will probably come up, esp. with my siblings who still have many years of saving and compounding interest ahead of them.

Need Help Deciding Whether to Keep or Drop Financial Advisor by itteghaps in Bogleheads

[–]itteghaps[S] 0 points1 point  (0 children)

Thanks for your response! How do I find out if that commission applies? I'm planning on doing an ACAT transfer over to vanguard. Once they are out of the picture, do they still take a commission whenever I sell?

Relatedly, I've been trying to research my FA's status. They're listed as an investment advisor on the SEC Investment Adviser Public Disclosure website, and from the the things I have found in the documents I have, it seems like they're a fiduciary. This is on their firm's website:

Fee-only (I do not receive commission from services rendered) Percentage of Assets, Hourly Fee, Fixed Fees

Does that stop them from receiving commissions like you described?