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you two may become a Jillianaire right now let's talk to Mike from Michigan. Yeah a couple years ago we moved from

Atlanta, Georgia up to Michigan to take care of my wife's dad who was in his mid 90s And we were a live-in with him. And the other members of the family were not that

financially experienced and so we had about the same size portfolio as her dad and they asked us to give

us some opinions and look in on the account and what we found kind of astounded us so I'm seeking a second opinion what we found.

Okay tell us a little bit about the client at hand, meaning your father-in-law.

So right now, 95 years old, retired FBI guy, been retired for a number of years has a portfolio about 1.2 million.

We found when we first took a look at the portfolio that his financial advisor had him in about 5% cash, 15% bonds, some of which were junk, and 80% in stock. And then it gets even worse.

They had them in 25 mutual funds, right over two portfolios and most of them were, you know, A-class or C-Shares, because we went to the FINRA website and took a look at these things.

And so besides a high quarterly program fee around 2.5% she was also getting you know paid from these funds as well

But it was the it was the allocation that bothers us.

Tell me about your father-in-law's condition.

Is he he's 95 years old?

Is he still kind of with it?

Is he kind of like maybe not as cognitively on his game as he used to be where is he?

Yeah over the past couple years he has slipped fairly well into cognitive decline with dementia.

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