As the title states, my wife recently got a job working, not as a financial advisor, but as a "branch office administrator at our local Edward Jones (EJ) office. Due to FINRA regulations, her boss informed her that I, her husband, have to transfer all my accounts to EJ.
I'm well aware of EJ's poor reputation, and how they have tons of hidden junk fees and are the antithesis of the Boglehead money management strategy.
I have a relatively insignificant amount of money compared to most as I've just found the Boglehead community, but I feel like I'm going to be sabotaging my future self if I'm forced to invest with these "Helpers."
On top of the egregious fees, I'm managing a lot of my money very conservatively (in treasury backed money markets) because I plan to buy a house within the next year. I need this money to be fairly liquid because of this, and the idea of having to pay a yearly fee on have this money being "managed" by EJ makes me sick.
Does anyone have any experience or advice on the matter?? It would be very much appreciated.