I invested over $600,000 earlier this year. with Fisher. I am looking at a nearly 50% loss. They promise to manage your portfolio for you, but what you really have is the equivalent of a large inflexible mutual fund. Its run almost like an index fund since everybody appears to have about the same portfolio with little turnover. Your "finacial adviser" can't do much of anything since he's not a broker. All of the finacial decisions are apparently made by a small group of 3.
I asked more than once why defensive strategies were not being taken. What they kept telling us month after month was that they were predicting an up year for the stock market, until of course the emperor was found to have no clothes. In this market, I don't expect miracles and could understand a 25-30% drop. Somebody help me get off the Titanic! I don't want to bail out of all the stocks, since many are now attractively priced. I'm passed retirement age so I will need to continue working.
Would transfering the assets to a brokerage like schwab make sense?