Advice needed for 300k investment
Retired couple, both aged 71, seeking some opinions on investment options recommended by our financial advisor.
We have been advised to invest in the following funds:
- Dimensional 60/40
- World Allocation 80/20
- Dimensional World Equity
Our situation is that we are unlikely to need to draw on these funds during our lifetime, and the intention is for the investments to eventually pass to our children.
The financial advisor has quoted annual charges of 1.75%, which seems quite substantial over time, so we are also considering the possibility of self-investing after carrying out thorough research.
We would really appreciate any views or experiences people may have regarding:
- The suitability of these funds for our circumstances
- Whether holding a mix of all three makes sense
- Any thoughts on risk levels for investors in our position
- Whether the advisor’s fees seem reasonable
- We are comfortable taking some level of risk and were considering possibly splitting the investment across the three funds.
Thank you in advance for any advice or insights