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Replies: 19
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MVP [538]
TigerPulse: 100%
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Asking for Financial Advisor/ Wealth Mgt Firm Recommendation
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Oct 16, 2024, 12:00 AM
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Sorry for posting on the Football Board, but tis the Season.
Does anyone know of a good, trusted financial advisor or complete wealth management firm in the Greenville SC area?
Bonus points for those that may be run by Clemson grad(s).
I have to make a change to someone more local.
Thanks for suggestions! Go Tigers!!
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Clemson Sports Icon [54143]
TigerPulse: 100%
59
Posts: 43805
Joined: 2004
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Game Day Hero [4175]
TigerPulse: 96%
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Re: Greg Wales, Keowee Financial
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Oct 16, 2024, 6:06 AM
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Evan Price with Edward Jones in Anderson.
He is a Clemson grad.
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Top TigerNet [32372]
TigerPulse: 100%
55
Posts: 35335
Joined: 2003
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Greg Wales had a super nice house
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Oct 16, 2024, 9:24 AM
[ in reply to Greg Wales, Keowee Financial ] |
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He must know something about making money.
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110%er [4075]
TigerPulse: 95%
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Re: Greg Wales had a super nice house
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Oct 16, 2024, 10:28 PM
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Or collecting fees…
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Legend [6718]
TigerPulse: 100%
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Re: Asking for Financial Advisor/ Wealth Mgt Firm Recommendation
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Oct 16, 2024, 6:15 AM
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DM me for recommendation of Clemson grad in Greenville.
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Athletic Dir [1161]
TigerPulse: 100%
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Re: Asking for Financial Advisor/ Wealth Mgt Firm Recommendation
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Oct 16, 2024, 6:51 AM
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I would rather not post his name publically, but I know someone in Greenville who has worked for a national brand financial/banking company for 30 years. Clemson grad with Clemson family. Conservative investor and advisor. Text me for contact info if interested. 864-979-1627
Message was edited by: DownunderTiger®
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Game Changer [1806]
TigerPulse: 86%
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Just simple advice, stay away from independent ones
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Oct 16, 2024, 9:22 AM
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Unless you are really educated and are going to stay on top of it as well. Had friends and family lose to much money to minimize scheme etc. They don’t have as much oversight as someone who is connected to a national firm like Charles Schwab, Edward Jones, or even an investment person from a larger bank like Truist. My opinion stay away from annuities and insurance products too. I understand some people are going to dislike me for this but this is just safer advice in my opinion
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MVP [538]
TigerPulse: 100%
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Re: Just simple advice, stay away from independent ones
Oct 16, 2024, 2:49 PM
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I appreciate the advice Daredevil.
I'm definitely not qualified to run the show, so looking for a knowledgeable, trustworthy firm and advisor.
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Game Changer [1688]
TigerPulse: 100%
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Re: Just simple advice, stay away from independent ones
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Oct 16, 2024, 3:33 PM
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Just do what Warren Buffet recommends and invest in a low cost S&P 500 index fund. He said that when he passes, his wife's money will be 90% S&P 500 index funds and 10% government bonds.
Open a brokerage account at Fidelity, Schwab or Vanguard. Vanguard's ETF symbol is VOO. Fidelity's fund symbol is FXAIX.
You can easily do it yourself and save the advisor fees. A typical fee in a managed account is 1%. Let's say you have $1million to invest. This means $10,000.00 per year and $250,000 over 25 years.
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All-Pro [757]
TigerPulse: 92%
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Re: Just simple advice, stay away from independent ones
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Oct 16, 2024, 3:37 PM
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Just do what Warren Buffet recommends and invest in a low cost S&P 500 index fund. He said that when he passes, his wife's money will be 90% S&P 500 index funds and 10% government bonds.
Open a brokerage account at Fidelity, Schwab or Vanguard. Vanguard's ETF symbol is VOO. Fidelity's fund symbol is FXAIX.
You can easily do it yourself and save the advisor fees. A typical fee in a managed account is 1%. Let's say you have $1million to invest. This means $10,000.00 per year and $250,000 over 25 years.
THIS!! You’ll waste so much money paying a financial advisor.
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Tiger Spirit [9892]
TigerPulse: 96%
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Game Changer [1638]
TigerPulse: 95%
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All-TigerNet [5660]
TigerPulse: 100%
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Re: Asking for Financial Advisor/ Wealth Mgt Firm Recommendation
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Oct 16, 2024, 3:56 PM
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I'm in Greenville and handle my own accounts with two internet advisory services that I use for research - both based on conservative dividend value investing and do my own buying/selling (mostly buying) through E*Trade. I spend around $1,000/year for the research services, which results in a very low cost of research relative to the size of my accounts and the quality of the research.
I'm very saatisfied with my results, but the routine I follow is time consuming and not for everyone as I spend every market day at the PC from 7am until 4:30pm. Here are the 2 services I use:
https://www.suredividend.com/
https://www.simplysafedividends.com/
I'd add that I don't chase anything in the tech area and only look at equity investments as rational investments that can deliver both income AND future capital growth. If I can't beat bond rates with income only and the additional potential for capital growth as a plus, I'd just as soon be in bonds and CDs.
If you want to try it for yourself, I'd be happy to show you how I go about it, but I would warn you that the market we find ourselves in right now is very difficult to find many choices for good value investing like we've experienced over the past couple of years.
Good luck!
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MVP [538]
TigerPulse: 100%
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Re: Asking for Financial Advisor/ Wealth Mgt Firm Recommendation
Oct 16, 2024, 7:31 PM
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I appreciate the offer, and all the good advice from everyone!
The fiduciary WMgt firm that I'm currently with has me well diversified and has done a great job. Unfortunately, there has recently been some retirements, and the firm is also moving away from WFargo to the fairly new &Partners, LLC. Lots of unknown.
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Game Changer [1683]
TigerPulse: 56%
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Just open a brokerage account and buy four or five somewhat diverse index funds
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Oct 16, 2024, 5:34 PM
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This is assuming we're talking long money. I'd do a big technology fund, large-cap fund, large-cap growth, broad S&P 500 fund, and a utility fund. Avoid individual stock picking.. just pick good mutual funds.
Look at it a time or two a year, tweak it here and there, but mostly leave it sit.
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Asst Coach [861]
TigerPulse: 100%
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Re: Just open a brokerage account and buy four or five somewhat diverse index funds
Oct 16, 2024, 5:51 PM
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But mutual funds typically have higher fees than ETF'S, And ETF'S can be traded constantly, not having to wait for 4:00 close to settle.
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Game Changer [1683]
TigerPulse: 56%
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ETF's are great for day trading.. not needed for long money
Oct 16, 2024, 8:40 PM
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I was assuming the OP is looking where best to house his money, rather than manage it like a stock jockey.
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MVP [538]
TigerPulse: 100%
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Re: ETF's are great for day trading.. not needed for long money
Oct 16, 2024, 9:02 PM
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Very well stated!
Unfortunately, I wouldn't get very far as a stock jockey.
Kudos to those of you that can handle your own investments!
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Ultimate Tiger [38955]
TigerPulse: 100%
56
Posts: 22307
Joined: 2003
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If You Are Feeling Risky, I Know a Coot Fan That Will Invest Your Money in Meth
Oct 16, 2024, 10:16 PM
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and sell it at 5-Points clubs. Might turn a big profit. Think on it, ok?
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Replies: 19
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