Afternoon - Without going into all the details publicly, my mother has amassed in the low-mid 7 figures of investments since her divorce. The majority of these assets are in managed investment accounts with Fidelity where she paid $18k in fees last year. Rest of assets are a couple homes and farmland - no plans to sell.
Long story short, I consider myself very competent with my money, but I was never up for the responsibility of investing her money.
As her assets have grown Id like to find someone who can provide more comprehensive financial advice periodically (once a quarter and as needed?), especially since like most moms she believes "other" people over her two sons with four accounting/finance degrees between us haha. I'm involved with her money management and review quarterly, it's just when it comes from someone else it holds more weight for her.
How do I go about finding a good financial advisor in Dallas and what should I expect from them in terms of fee and services? I'd be happy to have someone who can invest even a portion of her assets and have more knowledge of her situation compared to these Fidelity sales guys who she thinks knows everything about her based on her balance and arbitrary risk rating she selected 10 years ago. She is also approaching her mid 60's when other information may be helpful like SS decisions, mandatory withdrawals, light estate planning advice, etc.
Her largest account at Fidelity is an IRA that she draws an SEPP from for her day-to-day living income.
Appreciate any insight. I was a little light on details, but if any other information is helpful let me know.
Long story short, I consider myself very competent with my money, but I was never up for the responsibility of investing her money.
As her assets have grown Id like to find someone who can provide more comprehensive financial advice periodically (once a quarter and as needed?), especially since like most moms she believes "other" people over her two sons with four accounting/finance degrees between us haha. I'm involved with her money management and review quarterly, it's just when it comes from someone else it holds more weight for her.
How do I go about finding a good financial advisor in Dallas and what should I expect from them in terms of fee and services? I'd be happy to have someone who can invest even a portion of her assets and have more knowledge of her situation compared to these Fidelity sales guys who she thinks knows everything about her based on her balance and arbitrary risk rating she selected 10 years ago. She is also approaching her mid 60's when other information may be helpful like SS decisions, mandatory withdrawals, light estate planning advice, etc.
Her largest account at Fidelity is an IRA that she draws an SEPP from for her day-to-day living income.
Appreciate any insight. I was a little light on details, but if any other information is helpful let me know.