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Kirk Lindstrom on Cover of Timer Digest Save The High Fees By
Being Your Own Financial Advisor
                Windsurfing at Coyote Point November 2009

"The average fee for a professional financial advisor's services is 1.02% of assets under management annually for an account of one million dollars"
Updated April 7, 2018A Google Search for  ==> "average fees for financial advisor" today gave:
"The average fee for a professional financial advisor's services is 1.02% of assets under management annually for an account of one million dollars (the industry average fee is 0.99% and decreases depending on the size of your account). For high-net-worth individuals, however, the appropriate fee may be lower."
Here is some proof most managed accounts underperform index funds. 
Consider my newsletter as "Guidance to Do it yourself" and Save!
Keep the Fees in your own pocket:  It amazes me how many will pay a "financial advisor" fees as high as 2% a year to buy mutual funds or stocks for them (sometimes with high fees kicked back to the advisor) when you can do it yourself for the small cost of my newsletter.   Fewer and fewer these days will buy actual stocks for individual accounts as most usually under perform.  Instead advisors rely on most are afraid or "too busy" or "not interested" in learning to do it themselves so the good ones can charge high fees to buy a diversified basket of index funds for you.

How to get started:  All you need is help picking what index funds to get good diversification and you too can be a "smart investor."  From "Newsletter"
I recommend a "core" portfolio for about 80 to 95% of your funds and an "explore" portfolio made of stocks from my newsletter portfolio for the remainder. My newsletter stocks are volatile by design to add to overall returns, but you need a good core portfolio to sleep well at night. I offer different core portfolios for aggressive & conservative investors.
Some of us have 20 year track records of beating the markets but it is hard to do.  As I get older, I take less risk too by moving from my "Aggressive Core Portfolio" to my "Conservative Core Portfolio" which means taking profits every year in the stocks and buying more of the "fixed income" side of the asset allocation to move from 80% in stocks to 50 or 60% in stocks by age 70.

2% a year for $100,000 under management is $2,000 a year! Over 10 years that ads up to a nice fee for an advisor who odds say won't match the returns of index funds over time even before subtracting his or her fees.

If following my Explore Portfolio Buys and Sells seems like more work than you have time for, then just follow one of the Core Portfolios that are 100% index funds and should beat 95% of all active managed accounts over time. 
I also have a list of customers who have been using my guidance for over 20 years who can vouch for my methods and posted returns.  (Testimonials )

A major purpose of the Explore Portfolio is to help prevent you from getting too greedy at market tops by taking profits or get scared out near market bottoms by buying. 

For the last 20 years, my Explore Stocks have also beaten the markets with far less risk since the portfolio is far less than 100% in stocks.  Like Warren Buffett, I don't see loads of value near market tops and I like to have a lot of cash for when the market presents great buying opportunities.  Great individual stock selection has greatly enhanced the overall returns too.

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                Windsurfing at Palo Alto in SF Bay in May 2009

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Disclaimer:  The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.