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Nature_Girl (original poster member #32554) posted at 8:52 PM on Monday, October 14th, 2013
Would anyone here care to recommend who they think would be the best stock broker to manage a portfolio for my mother, an 80-something year old woman? I am 1,000 miles away, I cannot manage it for her. Would a discount broker be best? She won't be doing much buying & selling anymore. Frankly, none, really, other than liquidating things slowly as her financial needs arise.
Charles Schwab?
Wells Fargo?
It needs to be a brick & mortar place, not online.
Me = BS
Him = EX-d out (abusive troglodyte NPD SA)
3 tween-aged kids
Together 20 years
D-Day: Memorial Weekend 2011
2013 - DIVORCED!
https://www.youtube.com/watch?v=wJgjyDFfJuU
Whalers11 ( member #27544) posted at 9:43 PM on Monday, October 14th, 2013
Do you want someone to truly "manage" the portfolio, i.e. make recommendations and change investments as needed? Or do you want someone to just hold the portfolio and liquidate assets as requested?
Nature_Girl (original poster member #32554) posted at 10:08 PM on Monday, October 14th, 2013
Mostly just hold & make appropriate trades/liquidations as necessary. So, minimal management, but some.
Me = BS
Him = EX-d out (abusive troglodyte NPD SA)
3 tween-aged kids
Together 20 years
D-Day: Memorial Weekend 2011
2013 - DIVORCED!
https://www.youtube.com/watch?v=wJgjyDFfJuU
woundedwidow ( member #36869) posted at 10:23 PM on Monday, October 14th, 2013
My Mom had Merrill Lynch until she died in January at age 94. Basically they managed her stock and bond accounts that my stepdad left her; she never touched them, but they were always kind of "back-up" funds if we needed them for her assisted-living care.
Be careful what you wish for the most - you may get it.
Whalers11 ( member #27544) posted at 10:56 PM on Monday, October 14th, 2013
You'd probably be fine going with a discount brokerage, but don't expect a high level of service. They make their money through transactions and if there is not going to be a large volume of transactions, it won't get much attention (unless we're talking large - million dollar - balances).
Nature_Girl (original poster member #32554) posted at 12:13 AM on Tuesday, October 15th, 2013
Me = BS
Him = EX-d out (abusive troglodyte NPD SA)
3 tween-aged kids
Together 20 years
D-Day: Memorial Weekend 2011
2013 - DIVORCED!
https://www.youtube.com/watch?v=wJgjyDFfJuU
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