We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire Schwab's robo-advisor service and manage his portfolio on his own.Topics covered include:What elements are part of a financial planWhat to consider when researching an investment advisorWhat is a core-satellite investment approachWhy Schwab was fined $180 million for misleading its clients about the cash balance in its Intelligent Portfolios serviceHow to decide if an investment advisor is a good fitWhy no portfolio can be on autopilot, but they can be as simple as two ETFsFor more information on this episode click here.SponsorsExpress VPN - get three months free on VPN serviceMasterworks - Invest in contemporary artShow NotesSchwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees—SECCease-And-Desist Order Against Charles Schwab & Co, June 13, 2022—SECRelated Episodes92: What Robo-Advisors Recommend248: How to Avoid Investment Fraud303: How To Do Financial PlanningSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.