Kiplinger

The Elephant in the Room: Your Adviser Is Getting Paid

If you're like most Americans, you may not know how much you pay in investment fees. In fact, 61% of Americans reported that they don't. It's no wonder -- the financial services and advisory industry boasts a confusing array of fees.

Those fees also directly impact investment performance, which means that it's no surprise that you and many other investors are increasingly cost-sensitive in terms of what you pay in investment fees and for investment advice. Advisers, for their part, spend much time and energy building financial plans and portfolios tailored to the needs of individual clients.

After holding fee discussions with thousands of prospects over the years, I believe that the subject has in some ways become too simplified and too complicated at the same time. It's true that the financial services industry may have over-complicated the issue -- instead of being more forthcoming

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger2 min read
Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi
Kiplinger2 min read
Stock Market Today: Stocks Go on Wild Ride as Fed Targets More Rate Hikes
Stocks spent most of Wednesday in positive territory, but went on a roller-coaster ride after the Federal Reserve, as expected, issued its third straight 75 basis point rate hike. The Fed's rate hike sparked plenty of chatter among Wall Street's expe
Kiplinger5 min read
Tired of Pricey Life Insurance Premiums? 4 Ways to Manage a Policy When You Retire
You’re getting ready to retire, and you’re thinking about your expenses. One expense you’d like to forgo is the premium you pay for the life insurance policy you bought decades ago. The question is: Are your only two options to pay the premiums or ca

Related Books & Audiobooks