Josh Scandlen Podcast

My answer to a Quora.com question.  Well there are pros and cons of both. Vanguard is the lowest fee for their investment platform. No getting around that. And now they offer “financial planning advice” to go along with it. HOWEVER, having worked at Vanguard and another large financial planning firm, I wonder the true nature of their advice. Is it TRULY specific to YOUR needs, or is it boilerplate, off the shelf advice focusing primarily on investments. At my previous firm we could NOT talk about the benefits of Roth Conversions, Social Security maximization, asset LOCATION to name a few things. Big firms are so scared for their reputations they are VERY hesitant to allow any kind of individual planning discussion. I know. I was there. Which is why I left. Thus financial planning consisted of simple risk tolerance discussions and asset allocation advice. That was it. Ameriprise, to their credit, does focus on the FULL plan. You’ll walk out of your meeting with a full financial plan tailored to you