Had a few accounts with a ML advisor that he put into a sector rotation plan. 1/3 of it is in an inherited ira that needs to be zero in the next 6 years. The account did decent but we didn’t feel like the advisor wanted a smaller account.
We moved to a “boutique” advisor that has done nothing with the accounts in a year. Sectors have changed in the last year and nothing has been done. Our portfolio is lagging way behind the S&P because of this advisor doing nothing. Each account has 20% in approximately 10 different corporate bonds, 60% in ETFs and the remainder in a credit suisse high income bond fund.
We moved to Schwab with the new advisor and want to stay there but get rid of the independent FA. My wife is a little nervous b/c she wants someone to help.
I really just need help selling off the corp bonds and a lot of the ETfs that are underperforming. I want to go with a much simpler plan of S&P, world fund and treasuries. Can I get enough help from Schwab without having a managed account?
We are in our mid 50’s and wrapping up our careers so this would be more of a retirement portfolio. Any suggestions would be great.