Do You Know Your Advisory Fees?
Investment fees are often a mystery in the financial services industry, and we’re proud to take a different approach by reporting our advisory fees to clients on a quarterly invoice. It’s a welcome surprise to those converting from the traditional brokerage environment for the first time.
This recent article from Investment News details a lawsuit that alleges one family’s accounts were subjected to excessive trading that generated $40 million in fees. Some firms may never have any interest in fee transparency, but educated investors must know that they can find it elsewhere.