Quote:
Originally Posted by manaboutown
Now THAT will cost you dearly if the advisor takes 1% of assets under management every year. Bonds bring in 4%; advisor takes 25% of income @ 1% of AUM; clients is left with 3% return.
A fiduciary advisor paid a fee by the hour and seen every year or so is the way to go if one is uncomfortable making their own decisions or wants someone to talk things over.
|
If you see a fiduciary advisor every year or so, how can they make a living?