How much control do I have over my professionally-managed portfolio?

Once we fully transition to Apollon, the professional team will be in-house under their management. Please reach out to support@foolwealth.com or talk with your Wealth Advisor about any specific questions regarding your portfolio post-transition.

With that said, here’s an explanation of our discretionary capacity at this time while the transition is still underway:

It means that, instead of you transacting in your own account or buying and selling stocks yourself, Motley Fool Wealth Management takes sole responsibility for making the trading decisions within your portfolio strategies and implementing them on your behalf. (While we tailor our asset allocation recommendations for each client, our selection of individual securities is not personally tailored to client accounts. Rather, the individual securities purchased and sold for client accounts are based upon and track the holdings in our model portfolios. You can see a more detailed explanation of our various model portfolios that could make up your portfolio.)

You’ve probably made a lot of smart money decisions throughout your life to get to where you are. And you’ve probably been savvy with your investments, too! With that said… we cannot take investment directions from our clients. The benefit of working with a fiduciary is the ability to outsource the burden of managing your portfolio by yourself—it’s the reason why we have a team of Portfolio Managers working day-in and day-out behind the scenes. 

Your account is held with a custodian, which means that they are responsible for the safekeeping of your assets. Motley Fool Wealth Management directs the trading activity within your account and doesn't hold your assets directly.

What you DO control is when and how you add or withdraw funds from your account. Clients can also restrict specific stocks if needed. (See this page for more information about stock restrictions.)