NFLT
Virtus Newfleet Multi-Sector Bond ETF
stockNYSEETF

I just received access to my father-in-law's portfolio. He is very guarded about his finances and has had the same advisor for decades. 58% of his 1.2 mm portfolio is Exxon that he inherited from his Mother 50 years ago. He says he will never sell it. That said, I'm trying to decide whether its worth interfering with his current setup. With SS, dividend withdrawals, and IRA optional withdrawal + RMD's (call it 60K/year total withdrawal) he supports himself currently in his own home (worth roughly $600K). While that may change due to health, it also may not. The portfolio is below. It seems pretty aggressive - and very spread out - when you assume the XOM will never change. But the adviser isn't churning and his fees are only about 6K/year. Thoughts on whether its so bad I need to interfere and what would you suggest - assuming that the XOM does not get sold. thanks |||||| |:-|:-|:-|:-|:-| |Rollover\_IRA ||||| |Symbol|Description|Qty (Quantity)|Price|Mkt Val (Market Value)| |BNDI|NEOS ENHANCED INCOME AGGREGATE BOND ETF|556|46.305|$25,745.58| |DIVI|FRANKLIN INTERNATIONAL CORE DIVIDEND TILT INDEXETF|653|44.6345|$29,146.33| |DIVO|AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF|356|48.2457|$17,175.47| |FBND|FIDELITY TOTAL BOND ETF|756|44.915|$33,955.74| |FDVV|FIDELITY HIGH DIVIDEND ETF|286|63.75|$18,232.50| |FRDM|FREEDOM 100 EMERGING MARKETS ETF|214|68.155|$14,585.17| |FSMD|FIDELITY SMALL-MID MULTIFACTOR ETF|620|52.66|$32,649.20| |NFLT|VIRTUS NEWFLEET MULTI-SECTOR BOND ETF|1,080|22.815|$24,640.20| |PYLD|PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND|1,638|26.165|$42,858.27| |QGRW|WISDOMTREE U.S. QUALITY GROWTH FUND|469|68.43|$32,093.67| |UBND|VICTORYSHARES CORE PLUS BOND ETF|2,001|21.375|$42,771.38| |VOO|VANGUARD S&P 500 ETF|53|711.0132|$37,683.70| |SWVXX|SCHWAB PRIME ADVANTAGE MONEY INVESTOR|29,505.94|1|$29,505.94| |Cash & Cash Investments|\--|\--|\--|$9,152.92| |Positions Total||\--|\--|$390,196.07| |||||| |||||| |Designated\_Bene\_Individual ||||| |Symbol|Description|Qty (Quantity)|Price|Mkt Val (Market Value)| |XOM|EXXONMOBIL HLDGS CORP|4,352|159.85|$695,667.20| |IJH|ISHARES CORE S&P MID-CAPETF|225|78.205|$17,596.13| |IJR|ISHARES CORE S&P SMALL-CAP ETF|112|149.17|$16,707.04| |VEU|VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF SHARES|90|85.53|$7,697.70| |VIG|VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF SHARES|187|246.4401|$46,084.30| |VWO|VANGUARD FTSE EMERGING MARKETS INDEX FUND ETF SHARES|76|60.435|$4,593.06| |SWVXX|SCHWAB PRIME ADVANTAGE MONEY INVESTOR|1,770.92|1|$1,770.92| |Cash & Cash Investments|\--|\--|\--|$1,559.33| |Positions Total||\--|\--|$791,675.68|