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Old 08-02-2023, 08:09 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Rainger99 View Post
As I understand it, they don’t take a percentage of the increase in your portfolio. Rather, they base their fees on the total value of your portfolio.

So if you have $1,000,000 at the start of the year and the market goes up 1%, you would have $1,010,000 at the end of the year but they would take 1.25% of $1,010,000 or $12,625. You would have $997,375 at the end of the year. If they are that good, they should be willing to base their commission on the increase in value.
I don't know of any investment advisor who would do that. Do you?