Reasonable to have just one wealth management company?

[Sippican]

I finally consolidated my investments so that they are all at Schwab. The last one was done for me when TD Ameritrade and Schwab's merger was finally completed and my assets were automatically transferred over. A few years ago, even though I wasn't crazy about TDA, I held out doing it myself because they wanted $75 to transfer. No other brokerage ever charged a fee for transfers and I've done a lot of transferring between different brokerages over the decades. My main reason for wanting to consolidate is so my son will have an easier time managing whatever I leave behind. Added benefit... it's now a lot easier to do my quarterly tallies.

The one thing TD had that Schwab didn't/doesn't is the investment income modeling. Schwab just tells you what your investment income is over a 12 month period by month. TD allowed you to add dividend paying stock to a model and tell you what you would be getting quarterly/yearly. Minor, but will be missed when the complete consolidation is completed and TD is shut off.

That feature doesn't matter right now because stocks are not in good shape and the recession forecasted for later this year will put capital appreciation at risk.

I've moved out of stocks and into MM/annuities/CD's. My entry point for dividend paying stock is 4-5% annual dividends. Now, I'm getting Schwab MM at 4.95%, and other fixed returns of 5.15% - 5.50% without exposing principal risk.

When I was all in on stocks, I created my own mutual fund and grouped investments by sectors. I called it the SWAN Fund. (Sleep Well At Night).