Investment management can cost as little as 0.25 percent of a portfolio’s value each year. Yet many people still pay 1 percent, or even more, for financial advice.
Whether they’re getting a good deal depends on exactly what they get in exchange. Spoiler alert: Many should be getting a lot more, or paying a lot less.
In my latest for the Associated Press, how to determine if you’re paying too much or getting a good deal on financial advice.