Why Paying a Percentage of Your Assets to a Financial Advisor Is Like Paying Rent on Your Wealth When you hire a financial advisor, you may encounter a fee structure based on a percentage of your assets under management (AUM). While this model is common, it’s worth examining the implications of such a fee structure. […]
Financial Adviser Fees – Do You Get What You Pay For?
Today’s post comes from an Investment News article entitled “Pressure Mounts on Advisers to Lower Fees.” The article goes into how clients are now asking their advisers for more transparency. They want to know what exactly they’re financial adviser fees are and asking their advisers to reduce the cost. First and foremost, I believe that […]