# Financial Advisor **URL:** \ **Category:** Uncategorized\ **Created:** [June 8, 2024, 7:06pm UTC](https://community.clark.com/t/financial-advisor/5446 "2024-06-08T19:06:20Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![Surveyor](https://avatars.discourse-cdn.com/v4/letter/s/58956e/32.png) [@Surveyor](https://community.clark.com/u/Surveyor)\ **Post date:** [June 8, 2024, 7:06pm UTC](https://community.clark.com/t/financial-advisor/5446/1 "2024-06-08T19:06:20Z")
I’m 71 and I have my money with Edward Jones. After 3 years my investments are about where I originally opened my account. Now I’m thinking on moving to Fisher Investments. Any advice on my planned move would be greatly appreciated. ---
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [June 8, 2024, 7:52pm UTC](https://community.clark.com/t/financial-advisor/5446/2 "2024-06-08T19:52:40Z")
Do yourself a favor and go to both Vanguard’s and Fidelity’s websites and compare some mutual fund perfomance numbers. As an example, a $10,000 investment in Vanguard Wellington in June of 2021 would be worth about $12,500 today. You don’t need a financial advisor to buy, sell or hold mutual funds. My advice is to take your money and run away from Edward Jones as far and as fast as you can. ---
**Author:** ![Smartpolitics](https://avatars.discourse-cdn.com/v4/letter/s/65b543/32.png) [@Smartpolitics](https://community.clark.com/u/Smartpolitics)\ **Post date:** [June 8, 2024, 9:30pm UTC](https://community.clark.com/t/financial-advisor/5446/3 "2024-06-08T21:30:05Z")
The Wellington fund is a great idea ---
**Author:** ![Surveyor](https://avatars.discourse-cdn.com/v4/letter/s/58956e/32.png) [@Surveyor](https://community.clark.com/u/Surveyor)\ **Post date:** [June 8, 2024, 9:33pm UTC](https://community.clark.com/t/financial-advisor/5446/4 "2024-06-08T21:33:25Z")
Thanks. I appreciate your response ---
**Author:** ![billinin](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@billinin](https://community.clark.com/u/billinin)\ **Post date:** [June 8, 2024, 10:56pm UTC](https://community.clark.com/t/financial-advisor/5446/5 "2024-06-08T22:56:01Z")
> [@Smartpolitics](#): > > The Wellington fund is a great idea It is. I’ve held it since 2003. But if tax efficiency is a concern you may want to re-evaluate it. ---
**Author:** ![p1g1](https://avatars.discourse-cdn.com/v4/letter/p/cab0a1/32.png) [@p1g1](https://community.clark.com/u/p1g1)\ **Post date:** [June 9, 2024, 12:44am UTC](https://community.clark.com/t/financial-advisor/5446/6 "2024-06-09T00:44:47Z")
Moving to Fisher investments would not be a wise decision. Compared to Edward Jones and Fisher Investments, both Vanguard and Fidelity have significantly lower cost index mutual and ETF fund fees and lower advisor fees. Educate yourself so that you will understand what a financial advisor and financial company should be doing to maximize your returns. Reading the linked article will give you a good summary of the principles of investing (start with the Create a Portfolio section). Also note that If you have a brokerage account at Edward Jones with mutual funds there may be unrealized capital gains involved if there is a need to sell the funds. Your new advisory company will guide you through the transfer process. [https://www.bogleheads.org/wiki/Bogleheads®\_investment\_philosophy](https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy) ---
**Author:** ![Smartpolitics](https://avatars.discourse-cdn.com/v4/letter/s/65b543/32.png) [@Smartpolitics](https://community.clark.com/u/Smartpolitics)\ **Post date:** [June 9, 2024, 8:52pm UTC](https://community.clark.com/t/financial-advisor/5446/8 "2024-06-09T20:52:05Z")
Very true. Tax efficiency has been a problem at Vanguard. But it’s a great fund especially now in a higher rate environment ---
**Author:** ![Surveyor](https://avatars.discourse-cdn.com/v4/letter/s/58956e/32.png) [@Surveyor](https://community.clark.com/u/Surveyor)\ **Post date:** [June 9, 2024, 9:47pm UTC](https://community.clark.com/t/financial-advisor/5446/9 "2024-06-09T21:47:54Z")
Can you help me understand tax efficiency ---
**Author:** ![p1g1](https://avatars.discourse-cdn.com/v4/letter/p/cab0a1/32.png) [@p1g1](https://community.clark.com/u/p1g1)\ **Post date:** [June 10, 2024, 2:49am UTC](https://community.clark.com/t/financial-advisor/5446/10 "2024-06-10T02:49:12Z")
More information about your situation will help. What type of accounts do you have; any taxable brokerage accounts or Roth Accounts? What funds or individual stocks/bonds in each of your accounts? What is your approximate portfolio amount and how much are you withdrawing annually from each of your accounts? ---
**Author:** ![Louis\_Green](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/louis_green/32/3166_2.png) [@Louis\_Green](https://community.clark.com/u/Louis_Green)\ **Post date:** [June 10, 2024, 5:25pm UTC](https://community.clark.com/t/financial-advisor/5446/11 "2024-06-10T17:25:31Z")
It depends on your asset allocation. If your advisor thought you wanted to be super conservative, perhaps he or she had a large allocation to fixed income in your accounts. If so a large portion of your account was flat or even down because of the large rise in interest rates. To be frank - You can absolutely do this on your own. Some people still want to work with an advisor. ---
**Author:** ![normaldude](https://avatars.discourse-cdn.com/v4/letter/n/7993a0/32.png) [@normaldude](https://community.clark.com/u/normaldude)\ **Post date:** [August 25, 2024, 9:52pm UTC](https://community.clark.com/t/financial-advisor/5446/13 "2024-08-25T21:52:24Z")
You’re probably better off keeping your investments at Vanguard, Fidelity, or Schwab. Clark Howard recommends all three. > **[Fidelity vs. Vanguard vs. Schwab: Which Brokerage Is Best?](https://clark.com/personal-finance-credit/investing-retirement/fidelity-vs-vanguard-vs-schwab/)** > > If you're looking for an investment firm, Fidelity vs. Vanguard vs. Schwab is a common choice. We explain which company is best for you. Here’s a video from Rob Berger (a boglehead), comparing the difference between Vanguard, Fidelity, and Schwab. [![](https://us1.discourse-cdn.com/flex016/uploads/clark/original/2X/5/517ad2463caa4e9bd6c57dc7b2a4488949b5db91.jpeg "Fidelity vs Vanguard vs Schwab: My Take Having Used All 3 for 20+ Years") ](https://www.youtube.com/watch?v=eCWDPR8rk3c) When you want paid financial advice, I recommend using an hourly CFP. See my link below for some personal finance resources: [https://www.bogleheads.org/forum/viewtopic.php?p=7994867#p7994867](https://www.bogleheads.org/forum/viewtopic.php?p=7994867#p7994867)