Why Is Your Advisor So Rich?

Someone who is good with money should have quite a bit of money. It’s a generalized thought regarding financial planners to explain away the sometimes huge payouts in the field. The system in which planning typically is structured for fees is a strange one- a flat percentage applied to everything you choose to let the advisor touch. Is this truly reflective of the return you get in terms of service? If you’re paying 2% on 5 million, are you getting 5 times the effort as someone who just hit a million? We think you know the answer to that one. Have a look!