Avoiding The Hands-Off Approach

Q. I am 41 years old and have an IRA through Fidelity but I have been uncomfortable in their hands-off approach with my account. My IRA account value is just over $110,000.00. It has grown tremendously over the last 2 years and I would like it to continue growing even when
the economy changes.

I also have a 401K plan from my current employer that I am contributing to, so I couldn’t contribute much to the IRA at this time.

How could you help me and what would it take to move any assets to your investment firm? Of course I would like some solid information before making this decision, but I like your philosophy about guarding your wealth.

Please let me know what your first thoughts are, if any, about how you could help me.

Thank You!

A. Thanks for your question.

Fidelity is a great firm and they are actually one of the custodians that my firm uses (meaning some of my clients have accounts at Fidelity that I manage). I don't necessary use any of their mutual funds but they are one of the best when it comes to the processing side.

I appreciate you concerns about a 'hands-off' approach. In my mind, the markets are significantly different than they were when I entered the business in 1987. Nowadays, with the proliferation of hedge funds, the markets are more easily manipulated for the profit of the 'Big Boys' and makes for a more volatile ride for the average investor who is trying to buy and hold.

The main value that my firm could bring in your situation is that we utilize a proprietary money management system that is specifically designed to protect you principal AND protect your profits. It provides many of the advantages that are associated with an Equity Indexed Annuity, but without all the shackles. There are no set-up fees, no commissions, no time commitments and no surrender charges.

I will be happy to tell you more about it...

Transferring an account is very simple. There is some new account paperwork that is easily handled through the mail (Fedex) and your Fidelity account is electronically transferred. You don't even have to talk to Fidelity. We handle the entire process for you.

A good starting point is for me to take a look at how you are currently invested. If you like, send me a copy of your IRA statement and your 401(k).

The reason for seeing your 401(k) is that I would want to coordinate any portfolio recommendation such that it utilizes the strengths of both accounts and creates an overall synergy.

I can also send you a packet that will tell you more about my firm. When you're ready, you can even talk to a few of my existing clients.

Your posted comments on this and other questions are welcome.
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