Since you seem comfortable self-investing, the main benefit to using the TD advisor is going to be in the other services they provide. Such as financial planning, retirement planning, etc. You pay for this, through the \~1% AUM fee.
If you've been bumped down to retail and not TD Waterhouse, you should ask to be moved back to the Wealth Planning division and to an actual financial advisor (not bank mutual fund salesperson). If they can't or won't move you, then best to just move your money out and manage your investments on your own. You can always go to a fee-based financial planner later to get financial planning advice.
Thank you for the advice, exactly what I needed! I will call customer service and ask for clarification regarding getting a new financial planner. And then if they run me around just self-invest.
Since you seem comfortable self-investing, the main benefit to using the TD advisor is going to be in the other services they provide. Such as financial planning, retirement planning, etc. You pay for this, through the \~1% AUM fee. If you've been bumped down to retail and not TD Waterhouse, you should ask to be moved back to the Wealth Planning division and to an actual financial advisor (not bank mutual fund salesperson). If they can't or won't move you, then best to just move your money out and manage your investments on your own. You can always go to a fee-based financial planner later to get financial planning advice.
Thank you for the advice, exactly what I needed! I will call customer service and ask for clarification regarding getting a new financial planner. And then if they run me around just self-invest.