u/Specific_Seesaw9456

I am considering moving my brokerage accounts from RJ to Fidelity. will they care if my money grows?
With thousands of customers, will I get the care to grow my accounts? or will they just dump my money in funds, not really care &then move on to another client. Is it true the more money you have the more attenrion you get?
I will be just a number? Someone said to me the only person that will care for your money is you. BUT I have limited knowledge & will always wonder.................. did I buy the right thing? Can I really do this??
IF Fidelity has clients with ALOT more money then I do will they get more attention? Do money managers really care IF my investment does well ?

I am 66, retired and I am thinking of looking for a new Investment Management planner. I have been with Raymond James a little over 2 years.
I am realizing after 2 years (I know smack me now!!)  that my "fees" (1.5%) & I feel are too much. I am looking to see If I can be at or below 1% by shopping around.
I dont feel comfortable making trades, and trying to manage my funds myself IF I panic sell, or make mistakes or buy the wrong stocks I could possibly make a mess of it. I do self manage about 20% of my net worth at Schwab & Fidelity
Today I did get a return call from my FA at RJ We went over my concerns and I was told my fees wont be able to be negotiated BUT........... once I hit 600,000.00 the fee will go down to 1.25% and when its at 1 million it will drop to 1% so,...................... staying with RJ will cost me the 1.25% for a while.

Any ssuggestons on what I can do to cut my fees?

I am 66, retired and I am thinking of looking for a new Investment Management planner. I have been with Raymond James a little over 2 years.
I am realizing after 2 years (I know smack me now!!)  that my "fees" (1.5%) & I feel are too much. I am looking to see If I can be at or below 1% by shopping around.
I dont feel comfortable making trades, and trying to manage my funds myself IF I panic sell, or make mistakes or buy the wrong stocks I could possibly make a mess of it.
I was able to learn a bit about my FA who will call me back on Monday from Fidelity. He has 6 years of experience and has worked AT 3 FIRMS IN JUST 6 YEARS!! that SCARES ME!!!!! I prefer someone that has at least 15 years experience and no more than 2 employment moves. Does anyone else feel the same way?? I will listen to what he has to say but doubtful I will switch, as I BET in a year or two or three, he will move on...

I am 66, retired and I am thinking of looking for a new Investment Management planner I have been with Raymond Jamesa little over 2 years.
Currently my portfolio with RJ is a bit over $460,000.00. I am realizing after 2 years (I know smack me now!!)  that my "fees" (1.5%) & I feel are too much for the service I feel I get from RJ with my brokerage accounts and one IRA.
I dont feel commfortable making trades, and trying to manage my funds myself ( doing self management) because IF I panic sell, or make mistakes or buy the wrong stocks I could possibly make a mess of it.
At my age 66 & retired having a comprehensive wealth management planner I feel would be best for my situation. I Will be calling Raymond James this week to discuss fees & see IF I can negotiate my current fees from 1.5% to under 1% I am hoping to get my fees down to (.85% to .090%)<< as I am finding a few fiduciary advisors that have gotten back to me this week are quoting me what they charge & by looking at my statements they feel the fees RJ is charging >1.50 % is a bit steep.
I do use for "self management" >> schwab & Fidelity. I have about $120,000 in Schwab & fidelity combined BUT all in bonds, CD's, schwab smart portfolio, or low risk stocks. so those funds are "self managed" but in no risk products with little or no fees.
All total I manage about 18-20% of my total wealth & am ok with that but to get the most out of the 80% I feel I need help I do not want to risk doing it myself.
I am wondering IF anyone here has used any of the financial management companies I have isted below as I am looking at each one to compare I also realize there are a TON of others, I do not want to get over my head with getting too many quotes then start getting calls then getting more confused because I am calling many fiduciary advisors. Below is a list of who I contacted this week, I already heard back from Retirable today, and will hear from Fidleity, Schwab & Vangaurd all by the end of next week. I have sent my recent statements to all of them. I am not sure what do to I will feel TERRIBLE to leave RJ because my FA there is a great person, considerate of my needs & always calls me back & meets with me 4x a year & more if needed. He is knowledgble,and he is very upfront. it is me that needed to wake up read my statements, learn & now that I have a better understanding, I realize that IF he wont lower my fees? I may need to look elsewhere. Below are the FA's I have contacted
Fidelity investments
Schwab
Retirable
Facet
Vanguard
Has anyone used any of these I mentioned? Today I got a proposal and 45 min video call from Retirable with .90 fees no higher and not a seller of comission based products. I like what I heard but with my linited knowledge I do not want to make a mistake. IF I move from RJ I want it to be my last move
FYI>>> retirable looked at my RJ statements and said it looks like a decent plan but with high fees & they feel I can do better with other products. That was good to hear that it looks like RJ was NOT dong "bad things" just high fees & perhaps there could have been better products to put into my brokerage account.
They also said they can discuss the $150,000 that I have soon coming due in a 5 year annuity ( 2029) and that 150,000.00 that will be a big "help" to even better outcomes than expected.
One thing about retirable, is the FA is what? 30 years old?? that concerns me? should it????? I like the FA's that are 15-20 years or more into their career.
So, should that as well as being a "virtual FA" be a concern?? MY FA now at RJ is 5 miles away & always welcomes a call or visit & he has been a FA for over 15 years, I hate to leave but these fees??????????
I appreciate you reading my posts.