>Before Obama came into office I had $880,000 in investments. I was holding everything in Morgan-Stanley and they couldn't have cared less than my investments hit a low of the high $300,000's.
>
>I got a call one day from another investment counselor who is part of Steifle.
Ummm... If you had a personal investment advisor/counselor from
Morgan Stanley, you would have needed an account with $500,000
minimum.
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https://www.morganstanley.com/content/dam/msdotcom/atwork/themes/financial-wellness/advisory-investment-solutions-guide/InvestmentSolutionsAtAGlance_(09-23-2021)v2.pf>
High $300,000 wouldn't have been sufficient.
Also, it's spelled Stifle, not Stifle.
<
https://www.stifel.com>
Stifle is a much lower financial class than Morgan Stanley, dealing
primarily with small personal accounts. That's quite a change.
Basically, you pay every time you ask for advice. At least you could
probably afford the fees:
<
https://www.stifel.com/docs/pdf/disclosures/erisa/fee-schedule-and-order-execution.pdf>
<
https://www.stifel.com/disclosures/investment-advisory-services/program-disclosures>
"The majority of the advisory programs available at Stifle are
fee-based, under which clients pay Stifle a fee to cover its services
under the program, which may include investment advice, portfolio
management, trade execution and related services, and custody as
appropriate for each program and/or client."
I wish you and your new fee based investment counselor a mutually
beneficial and harmonious relationship.