Reported about 1 month ago
A significant portion of Americans, over a third, seek advice from financial advisors, but a recent discussion raises concerns about whether they are overpaying for these services. According to FinanceHQ's Alex Choi, fees typically range from $3,000 to $7,000 annually, with charges above this threshold potentially being excessive. Choi emphasizes the importance of asking advisors key questions, such as their fiduciary status, to ensure that they prioritize clients' best interests.
Source: YAHOO