GFFFX

snotick

I have some new developments. I went through the last couple of years. I tried making a new post, but mods took it down. Curious what you think of this: I have an email from November 2022, where he recapped the meeting and stated their desire to move as much as possible to CDs in every account. We discussed that the IRAs will have no tax issue, so those can be moved right away. (this was the first meeting I attended with them, and I've been there for every one since. He's also included me in all email communication since then) I went back through their transactions and found the following. Both of their IRAs were handled this way: 2023 - Sold 5 tranches of mutual funds and bought 3 CDs. 2024 - Sold 35 tranches of mutual funds and bought 4 CDs 2025 - Sold 4 trances of mutual funds and bought 5 CDs. Yet he didn't sell the last tranche until December. He mentioned at the meeting that they would incur one more fee in March 2026. I suspect that's why he sold the last trance in December, so that it would trigger the fees for the 1st quarter of 2026. 2026 - Both IRAs are 100% in CDs. The investment plan for converting mutual funds to CD started in 2023. He drug out the process for two years. Why? There was no tax issues in the IRAs. Why did he sell so much in 2024, but didn't sell near as much in 2025? Why did he not sell the remaining mutual funds in 2025? I suspect it's so he could charge a fee through 2025 on the total balance of all three accounts. Some responses have said it could have been due to lockup period for the funds. But, the two funds that were held through 2025 were VWIAX and GFFFX. Neither has a lockup period? I'm trying to make it make sense. Is this just unethical? As a fiduciary could this also be illegal?

PashasMom

It doesn't make sense to me, but I'm the sort of person who gets ticked off if anyone suggests touching my money, let alone me paying them to mess with it. If I were in her/your shoes I would transfer the Roth IRA to Fidelity, replace GFFFX with GARP (better performance, lower expenses) and NFFFX with a combination of VYMI and either FXAIX, FNILX, or SPYM. Of course, I don't know what the current allocation is in your daughter's portfolio, but here's a quick backtest to show what it might look like when compared to GARP + VYMI + FXAIX -- and this doesn't even take into account the AUM fee being siphoned out of your daughter's money. [https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=1NPb1B2eUs5EdCQZx0bwIm](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=1NPb1B2eUs5EdCQZx0bwIm)

cashew76

What about in a day? GFFFX