I came into a family inheritance from EJ and was only offered one option... to create an individual account with EJ. My advisor transferred mutual funds from the Trust into my individual account and then converted those funds into different ones "to better reflect my personal goals."
I was never told how much I would be inheriting and the first time I saw an amount was once I had online account access. $140k in my balance. However, when I go back to my very first statement under "Assets Added to Account" it shows $170k.
Do we think these are front load fees for the mutual funds?
I've looked at my account agreement, all my statements, and everything just seems so opaque and difficult to understand.
I sure would appreciate any advice or thoughts on the situation. Obviously, I'm new to investing but eager to learn more. I'm hesitant to sit down with another EJ advisor bc I think they would cover for my advisor and I'm not sure a financial advisor from a different firm would be able to translate the EJ documents... or would they? Or should I go to a tax professional? ...if so, what kind?
EDIT: Also, I earned 3.71% last year (Feb-Dec), what do yall think of that return? Good? So-so? Awful for a managed account?
Submitted April 05, 2024 at 07:59PM by Go_Ask_Alys_Dallas https://ift.tt/w7LcHbr
