Reported 1 day ago
This article explores the fairness of a 1% fee charged by financial advisors, especially when clients feel they are losing a significant portion of their returns in a bear market. It emphasizes that the value of a financial advisor extends beyond mere investment returns, highlighting their roles in understanding client goals, managing overall financial plans, and providing behavioral coaching to help clients stay disciplined during market fluctuations. Ultimately, it suggests that assessing an advisor's worth should consider a broader range of services rather than just short-term investment performance.
Source: YAHOO