One of the most common questions people ask us when they're considering the services of an investment advisor and/or financial planner is this: "what will this cost me in terms of fees?"
The question of how much an advisor charges, not just for their own services but for the team and others working alongside him or her, is one that you absolutely must get an answer for. And that answer should be clear, concise, and spelled out in simplistic form so that there's no mistaking who's getting paid, how much they're getting paid, and who is actually responsible for paying them.
Everyone should be paid for the work they do and the value they may add - you just need to be sure there are no surprises.
In this week's episode of Managing Your Financial Future, podcast host Johnny Dean speaks with "Professor" Rick Plum, CFP® about what kind of fees you should expect to see when you hire a financial advisor, and what to be particularly aware of before you sign on the dotted line.
