That’s okay, I get it. It should be a completely transparent process. You should understand what you’re paying and why. You should understand what you’re getting in return; and therein lies the problem.
For some reason, we seem to have difficulty ascribing a value to the knowledge, experience, expertise and advice an Investment Advisor provides. Maybe it’s just too intangible, not black and white enough — I don’t know. All I do know is, the fairness and validity of fees are endlessly questioned and debated — which, as I said at the top of this blog post, is fine.
But here are some thoughts I think bear at least some consideration, thoughts I think are worth adding to Read More »