I interviewed many advisors for a year from standalone people to those at big firms. All, without exception, wanted to sell the real estate and convert it to stocks (they all had different approaches but in the end this was their message to me). Since my real estate holdings were medical office buildings kicking out 14% a month (annualized) before capital gains on the buildings, that made zero sense to me.
I’m sure there are people out there who actually specialize in managing these kinds of portfolios but I didn’t find one. (You can use this tool to get matched with an adviser who might meet your needs.) Want advice on working with your current financial adviser or hiring a new one? Email picks@marketwatch.com. Answer: We got that above note from a reader, and it made us wonder: Why did so many of the advisers he talked to want to turn real estate into stocks, and how do you find the right adviser if you own a lot of real estate? Here’s what the pros told us. Firstly, let’s address why so many advisers were pushing you to sell the real estat