Being smart with $$ -- True cost of financial advice

$40,000 is what your financial advisor cost you?!?!?! And that's on EACH $100k you have invested with them?!?!
Thats the true cost over 20 years of an advisor that charges a 1% annual fee according to Kiplinger Retirement Report (March 2015). It assumes 4% annual returns on your portfolio with 28k being fees paid and 12k being lost earnings on those high fees. If your portfolio earns more than 4%, your cost could be dramatically higher. Ask me about the difference offered by fee-based planners.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com