I decided after 4 years to dump my financial advisor. He was helpful when I knew nothing but now the 1% fee for him to earn each year while I'm not really in need of changing anything seems silly. Wish I would have known about index funds earlier on but oh well. I'm Ready to go it alone but I'm trying to figure out the best way to move my taxable account. I have about 228,000 in the account and approximately 62,000 in unrealized gains.
Do I:
1) sell things slowly over the next few years and move to index funds (how do I decide what to sell and do I use vanguard)?
2) sell it all and move to index funds (vanguard)?
3) move it to another brokage firm and keep the same investments and just pay the mutual fund expense fees ( which brokage firm would be best vanguard/Schwab)?
I have
PENNX 34,000 (6300 unrealized gains) expense ratio 0.91%
PEEAX 51,000 (17400 unrealized gains) expense ratio 1.05%
OIGYX 29,300 (2800 unrealized gains) expense ratio 0.89%
FINFX 58,400 (18,895 unrealized gains) expense ratio 0.40%
AMAGX 55,000 (17000 unrealized gains) expense ratio 1.09%
I'm in the 28% tax bracket so capital gains will be 15%.