Reply to Am I overpaying my financial advisor?

Forum Index » Money and Finances

Reply to "Am I overpaying my financial advisor?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you have to have 1 - 2MM to get it down to 1%, then it's easier to get down.

I would also look to see if you are paying 1.25% PLUS the fees charged to be in the different funds. That was the surprise to me. With 5MM we were paying .75% with one of the top wealth management funds, but also paying for the different vehicles were were in with other companies. Ex: .75% financial advisor and .03 for VOO that he put us in. (It wasn't actually VOO--we switched to that when we left them--but most funds have their own fees. I would see if that is the case for you.)

We left and are now doing ourselves. [/quote]

I would assume the 1.25% is in addition to the fund expense fees. In fairness, you have to pay those even if you DIY.[/quote]

+1.  Surprised this response is so far down the list.  Total cost may be more than 1.25%.

Also, although there are fund fees for DIY we don't know whether the FA is using high fee funds or funds with front/back loads so the costs of DIY may be much less.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics