Most Investors Don’t Know What They Pay Their Retirement Advisor
Years ago, I explained to a prospective client that my annual fee to manage her portfolio would be 1% of the portfolio. She replied, “why would I pay that when I don’t pay anything for my mutual funds.” Unfortunately, this public ignorance of what investors pay their retirement advisor is pervasive. In fact, you’d be shocked to know that even [...]
Categories: financial advisor fees Tags: retirement advisor fees
Most Investors Don't Know What They Pay Their Retirement Advisor
Years ago, I explained to a prospective client that my annual fee to manage her portfolio would be 1% of the portfolio. She replied, “why would I pay that when I don’t pay anything for my mutual funds.” Unfortunately, this public ignorance of what investors pay their retirement advisor is pervasive. In fact, you’d be shocked to know that even [...]
Categories: financial advisor fees Tags: retirement advisor fees
