TAX
Cambria Tax Aware ETF
stock NASDAQ ETF

Aakhiri mauka h lootne ka unka. Usme bhi TAX kam krte bethenge kya.

Aakhiri mauka h lootne ka unka. Usme bhi TAX kam krte bethenge kya.

Most investors balance their allocations across ALL accounts - meaning why pay an advisor 1%AUM to manage something totally easy to do yourself like bonds - and put your entire bond allocation in a self directed brokerage is quite brilliant. If they are municipal bonds, they would be tax free so that would explain why he set them up in the taxable account and use the FA with the 1%AUM on the equities in the retirement accounts. This is TAX Management and very smart. If his bond allocation of 387K is probably some percent say 40 or 50% of the entire portfolio. Could be less could be more, it makes complete sense to set it up this way. Most retirees use bonds to offset volatility (it’s more complicated than that but easiest way to say it) not to “make the money”. It guarantees fixed income if market is down. You should talk to the FA about this and what to do, my guess is he would already know about this account and have factored it into how he set up and manages the rest of the portfolio.
Could also plausibly be a bond ladder for savings as some other has suggetsed, but again I’d be surprised if the FA wasn’t aware.