Quote History Quoted:
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.
Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).
Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.
View Quote
Are you an accountant, an attorney or a Insurance Guy?
I ask because what you said is sort of interesting.
Also to the Op, what are you getting for that 1%?
Is it just an asset allocation via modern port theory with re balancing or is there a more complex strategy involved.
I ask because if you were just look at any post on this website you would only think that the only investment products out there were some index funds and ETF's which while similar are not the same at all.