Why Smart Investors Seek Investing Advice No AUM Fees Attached
Understanding the Real Cost of Investment Advice Most people assume that paying for investment advice is just a normal cost of growing wealth. They sign up with a broker or a wealth manager and barely glance at the fee disclosure. But over time, those small percentages add up to a significant drag on returns. The industry has long operated on a model where advisors charge a percentage of assets under management, or AUM fees. That means the more your portfolio grows, the mo
Continued inside
Understanding the Real Cost of Investment Advice Most people assume that paying for investment advice is just a normal cost of growing wealth. They sign up with a broker or a wealth manager and barely glance at the fee disclosure. But over time, those small percentages add up to a significant drag on returns. The industry has long operated on a model where advisors charge a percentage of assets under management, or AUM fees. That means the more your portfolio grows, the mo
Read the full column