Reported 1 day ago
When hiring a financial advisor, it's crucial to understand the different fee structures that exist, including Assets Under Management (AUM), hourly rates, retainers, and commissions. The AUM model is the most common, charging a percentage of the assets managed, while hourly rates and retainers involve fees based on the time spent on your account. Commissions, though declining, still impact less affluent clients. Carefully consider your financial goals and the fee structure that aligns with your needs to ensure you're getting value for your investment.
Source: YAHOO