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I just wanted to mention what a bang-up job USSA is doing.

 

Stock market goes down, I lose money.

 

Stock market goes up, I lose money.

 

On top of it all, they charge me 1.5% for this service.

 

I'd get out of their managed service but now my only hope of recovery is to wait it out.  Maybe I'll break even.

 

Good luck!

4 REPLIES

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Ramundo,

 

Thank you for sharing your feedback and experience with us in Community. If you do have any questions or concerns in regards to your service, I would recommend calling us at 1-800-531-8722 or sending us an email to socialmedia@usaa.com, along with your member number. Thank you

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There are a number of alternatives available for managed accounts at major investment houses.  Fees for managed accounts can be as low as 0.0% and many top out at 1.0%.  The days of high management fees are thankfully coming to an end for most investors.

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Ramundo TOTALLY AGREE WITH YOU!!! I am about to get out of USAA as their managed portfolio dept iand move ALL MY accounts out!
I am not willing to wait to lose MORE money while they totally neglent my account as it continues to LOOSE money in an UP MARKET!!

Thus far all they offer is their pretensious remarks on why this is happening to cover for their incompetence!
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Hello. We are sorry to hear about your disappointment with your managed portfolio. We will have our portfolio management specialist contact you. Thank you! - Darrell