Do I need to provide my own financial advisor?

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Math Help Guy

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I would like to open up a Roth IRA directly at a mutual fund company (like TR Price, Vanguard, or Fidelity). I don't want to go through a brokerage firm like Baird. I know by law I need to have a financial advisor on record. My question is this: Do I need to provide my own advisor or will the fund company assign me one?
When I tried to roll my old 401(k) into a Roth IRA at MFS, they said that I would need to provide my own financial advisor. The guy on the other end of the line said by law I could not do it without one.
 
This is confusing. A Roth IRA is a type of account. You want to open it at a Mutual Fund Company which is possible because they have a brokerage division. You need a brokerage to open a Roth IRA which is a type of Brokerage account. May I suggest an online broker, such as TD Ameritrade or Think or Swim for the broker as they are inexpensive in terms of transactions. Though maybe you get discounts on funds from your brokerage.

You can then invest in all of the TR Price, Vanguard, and Fidelity mutual funds that you desire.

I am not sure if you do indeed need a Financial Advisor, but if you do online brokerages will take care of that for you without any additional charge.
 
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