O'Reilly logo

Who Can You Trust With Your Money?: Get the Help You Need Now and Avoid Dishonest Advisors by Bonnie Kirchner - CFP, MST

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required