Audit my $800k portfolio and catch my advisor cloning my Roth into a taxable account
A 37-year-old who suspected his big-firm advisor treated his roughly $800,000 portfolio as an afterthought uploaded his statements, gain/loss and trade history to the AI. The audit found two years of S&P underperformance - and the real problem: when he asked the firm to extend a successful Roth IRA strategy to his taxable individual account, they copied the exact same asset ratios across, so dividend-heavy holdings now throw off ordinary-income tax every year, a non-issue inside the Roth. Confronted, the advisor called it a known model limitation. He is firing the firm.
How it works
- Upload statements, gain/loss reports and trade history to the AI
- Audit performance against the S&P 500
- Compare asset ratios between the Roth IRA and the taxable account
- Identify the tax-inefficient holdings cloned into the taxable account
- Confront the advisor and decide to terminate the relationship
Why it’s worth knowing
The advisor's model literally copy-pasted a tax-sheltered portfolio into a taxable account - an asset-location error no human reviewer had caught in a year.
Where it’s from
Summarized from a public post on reddit.com. See the original ↗