Schwab ETF managed portfolio

[ARCHIVED THREAD] - Schwab ETF managed portfolio

Posted: 7/28/2017 6:45:49 AM EDT

Anyone into the managed portfolios by Charles Schwab. I have a meeting with them tomorrow morning and looking at their ETF portfolio.

Just wondering if anyone is involved with this program and what their thoughts are.

Thanks

39

Posted: 7/30/2017 12:13:24 AM EDT

[#1]

Why do you need a managed portfolio?

Posted: 7/30/2017 11:41:45 AM EDT

[#2]

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Quoted:
Why do you need a managed portfolio?

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Indeed. According to their website, you're going to pay 0.9% annually on your first $100K and 0.75% on the next $400K. I assume you also get to pay the annual expense ratios for the funds themselves. $3900/year for $500K portfolio.

https://www.schwab.com/public/schwab/investment_advice/schwab_managed_portfolios

Do a little research about asset allocation and buy the ETFs youself. Much less expensive.

Try Googling "lazy portfolio Bogelheads". The first link will give you some good information to start.

Posted: 7/30/2017 1:20:44 PM EDT

[#3]

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Quoted:
Why do you need a managed portfolio?

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^^^ this.

Posted: 7/31/2017 4:47:29 PM EDT

[#4]

Interested in this as well. i have the Schwab 1000 fund. Hell, I don't even know what the expense ratio is!

Posted: 8/1/2017 11:01:04 PM EDT

[#5]

The whole idea behind ETF's is to eliminate the need for active managing. Don't fall for it. As posted above, learn the boglehead way. Especially if you are young.

Posted: 8/4/2017 10:02:51 AM EDT

[#6]

so 1% for a robo advisor?

lol

If I am going to charge 1% I at least am going to do somthing for the client.

Posted: 8/4/2017 10:03:19 AM EDT

[#7]

Quote History

Quoted:
The whole idea behind ETF's is to eliminate the need for active managing. Don't fall for it. As posted above, learn the boglehead way. Especially if you are young.

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They are going to use ETF's to set the allocation.

Posted: 8/4/2017 2:47:33 PM EDT

[#8]

I have experience with Schwab. Their idea of a “managed portfolio” is to put you into a cookie-cutter program that will take a minimum amount of effort on the part of the broker.
Unless you have millions, a broker won’t waste time on you. He’ll just plug you into a standard package. That way, he can concentrate on his cash cows and depend on lots of “little guys” to provide a steady income.
Read my advice in the “What does a diversified retirement portfolio mean to you?” thread.

[ARCHIVED THREAD] - Schwab ETF managed portfolio

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