My dad spent 30 years at Wells Fargo and told me to go with a broker, I still think he's wrong

Parker Kelly · 2026-11-12T03:00:04.04681+00:00

He worked at a branch in Omaha for 30 years and retired in 2019. Over dinner he said point blank that banks just sell you the fund with the best kickback, so use a broker who charges a flat fee instead. I get the logic but I keep going back to the 0.25% my credit union charges versus the $2,100 a year the local advisor quoted me. For my $40k in savings, that fee gap eats any edge a broker gives me. Anyone actually run the math on when a flat fee stops making sense for smaller accounts?

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My dad spent 30 years at Wells Fargo and told me to go with a broker, I still think he's wrong | Bank Vs Broker - Rigidtalk