About a year ago, a relative asked me to help manage her money. She had been paying a ~1% asset management fee with Goldman Sachs Asset Management (GSAM), even though she wasn’t their typical high-net-worth client. The account had been set up through her ex, but since she wanted a clean break, she was ready to move her money and asked for my guidance.

We scheduled a call—just like I do with consulting clients—to go over her financial situation, goals, and concerns. From there, we created an investment strategy designed to preserve her lifestyle and reduce the risk of running out of money. As an artist, finance was not something she really understood or ever got into.

Since she was also looking for a new brokerage, I recommended Fidelity, where I’ve had my accounts for over 20 years. I’m familiar with their platform, and with her permission, I’d be

Keep reading this article on Financial Samurai.