106 Things We Do For Clients, No. 42

by | Sep 13, 2017 | *Financial Awakenings, Fee Only Financial Planning

No. 42 of 106 Things We Do For Clients

Help you consolidate and simplify your investments.

I remember a client that had 65 different stocks in their $1 million retirement portfolio. Their trading costs ran well over $1,000 dollars annually. By selling their 65 securities and purchasing one mutual fund, we reduced their annual trading costs to zero. The crazy thing about that one fund is that it held 12,500 global securities from small to very large companies. That was 192 times the number of stocks in their old portfolio, all in one mutual fund. Not only that, the 65 stocks they previously owned were all large US companies, not diversified with medium or small companies and international stocks. An investment advisor will consolidate and simplify your investments while reducing costs as well as diversifying and reducing your risk. That’s a win-win-win.

Print Friendly, PDF & Email