5ldg: May be great or they may be bums ... really no way to tell. The are thousands of outfits like this that will pay the market for you for 1 or 2% of your assets being managed. My question is if these guy are so good why don't they charge a percent of their return generated above a benchmark (whole market mutual fund or something): that would show their own confidence in themselves. That I must guarantee their results (fixed annual % of my money managed), while they can provide no guarantees of my results always strikes me as rather one sided. If you wish active management I think you can get just as good results with the big boys (Vanguard, Fidelity, etc.), who manage multi-billion dollar portfolios, at a much lower cost per dollar.
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I’ve been a client of theirs for years and know others who are and swear by them. I like them and they’ve been very helpful. I’ve referred friends and they like them too. Don’t confuse their marketing approach with the quality of their service or advice. Also, employees are the ones who inappropriately share email adresses with outside firms.
I watched one of their videos. One long infomercial sounded like a lot of hype as they provided no information of their success metrics (e.g., five and ten returns generated by their “system”). Industry wide folks like this that actively manage assets to time the market do worse than whole market buy and hold funds after you subtract their fees.
Isn't that the company that scalped our email addresses and spams us? Wouldn't trust them with my retirement...