A family member has a managed IRA containing stock for a company that, from what I can tell, went through a merger and liquidation event. This dropped the overall account value by 33%. I'm working on helping them move the account balance to a self-managed account, and news of this makes me wish the money was moved sooner.
For a managed account labeled with a low risk exposure and capital appreciation objective, I would think a fiduciary would have some insight to get ahead and change how money is invested before an event like this happens, or at least diversify investments. Then again, I dont have any personal experience with someone else managing my accounts, so I don't know how realistic it is to assume a professional can hedge against this type of event.
Looking to learn, thanks in advance.