Chapter 5. Deciphering Fee Structures

Portfolio Development and Asset Management

Though a thorough discussion about advisor compensation should take place before any plans are made or transactions implemented, don’t just take your advisor’s word for it. If your advisor is doing a financial plan for you or charging a fee to develop a portfolio, the fees should be outlined clearly for you in an agreement to be signed by both you and the advisor. Likewise, if you are paying someone a fee to manage your money, the fee structure should be spelled out via an agreement. For portfolio development and portfolio management, many advisors will have a stepped scale depending on the dollar amount of the assets being managed. Typically, the more assets being ...

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