I've been with them for a while now and am not sure about how they handle my investments. It feels like their fees are just a bit high and I don't feel I'm getting much direction in my portfolio. I know this is supposed to be a self-directed investment company but what do I need them for if I have to make up my own mind on stock, mutual funds and bonds.
2006-09-03 14:35:21 · 4 answers · asked by SNOOP 4 in Business & Finance ➔ Investing
Look at your performance? Has it been good? Stay with them if so. If it's not good? Call your person up and talk to them. Ask them how your doing. If you don't get the reply you like look for another advisor.
2006-09-03 16:18:51 · answer #1 · answered by chadspolka.matrix 2 · 1⤊ 0⤋
I've had Smith Barney for years; A friend started working for Edward Jones and tried to get me to switch; Their fees seem high and in the paperwork they sent me, part of the fine print indicated that I couldn't invest my profits with any other broker; plus, didn't like the fact that all of the "laws" affiliated with the "contract" were based out of their home office(can't remember the state) and that made me nervous. I didn't sign on the dotted line, obviously!
2006-09-03 23:14:33 · answer #2 · answered by sweet ivy lyn 5 · 0⤊ 0⤋
I know. I have been with them for a long time and I feel the same way. When my stocks go up I am selling and getting out. You can trade on line for a lot less cost.
2006-09-03 22:09:46 · answer #3 · answered by FLH002 2 · 0⤊ 0⤋
They are in business to make themselves money, just like every other brokerage. Their general speciality is handholding and reassurance for people who are unsure of what they are doing.
You don't really need them unless you plan to get wild and crazy. They would generally advise a more conservative course, so that might be of use.
2006-09-03 22:16:33 · answer #4 · answered by Paul D 5 · 0⤊ 0⤋