Fido said exactly the same to me recently, and when I spoke with rep on the phone she focused on pushing DFA for which, she claimed, she received no commission.My local fidelity office rep called and offered to set up a "no strings attached" appointment to review my portfolio, since I am a "high net worth client". They're within walking distance, so I'm entertaining the idea of spending an hour and see what they have to say.
I was not especially impressed with their intro about "we noticed you have cash drag in your brokerage" when I keep no cash in the sweep account, and I hold VTI, VEA, and VWO which are pretty tax efficient, especially since some of the dividends will be qualified, so that's mostly what's holding me back.
I do want to connect another bank account and they require some extra paperwork (notarized? medallion?) and I was planning to stop by to see if it's something I was planning to do in person.
Does anyone have experience with this? are they just going to try and sell me high-fee services or investments?
Statistics: Posted by Godot — Thu Jan 04, 2024 3:25 am — Replies 42 — Views 2668
