Financial advisors are typically paid through flat fees or a percentage of assets under management, but hidden costs can significantly impact your returns. This article emphasizes the importance of understanding all fees involved and provides questions to ask your advisor to ensure transparency.
READ MORE FROM MARKETWATCH
When you hire a financial planner, understanding their compensation is crucial. Common payment structures include flat fees or a percentage of assets under management. However, hidden costs like revenue-sharing 'kickbacks' and interest on idle cash can quietly erode your returns.
Join MarketWatch for a live talk about teen investing on Wednesday, May 6 at 1:30 p.m. Eastern time. Sign up and submit your questions for the Q&A here
What you don’t know about investment fees can hurt your portfolio.
This article highlights the importance of asking the right questions to uncover these hidden fees and protect your investment portfolio.
