Well said Nedsaid. To be straight-forward Mr. Ferri is obviously in the advisor business - nothing wrong with that, but he certainly has his interests at heart as he posts here on Bogleheads. No, he is not free of conflicts of interest. Just in this thread someone asking about his services. Just saying.nedsaid wrote: ↑Sun Apr 05, 2020 4:38 pm What I will say is that there are people in the business that are better than others and I would not hesitate to recommend Ferri, Roth, or Bernstein to others. But nothing is perfect. Even Vanguard has incentives to grow its business. No one is 100% free of conflicts of interest.
As for myself, I have invested with imperfect advisors with imperfect financial products and yet somehow I have managed to survive all of that. If you have an advisor, take the opportunity to learn as much as you can, at some point you might want to take over and run the portfolio for yourself. I know that I learned a lot from the people that I worked with over the years.
I recently posted on the topic of advisors and my experience with Buckingham Asset Management (Larry Swedroe's firm) - I am forever greatful for their guidance, what they taught me, and the service that went far beyond managing my portfolio.
You can scroll up a bit for the first post I made on the topic.
And yes as I age, and the inevitable cognitive decline approaches, or I become incapacitated I have instructed my trust services company to turn my portfolio over to Buckingham. Who knows might be sooner than later. Working with a good fee-only advisor is a very individual thing.
Stay safe - Evelyn