The 1% Financial Advisor Fee Is Outdated & Broken
Financial advisor fees for assets under management don't make sense anymore, and people need to understand the actual cost of their fees... In this video, I show you how much you will likely pay for your accounts and how to find this. I also talk about the massive problem with these outdated fees due to the rise of technology handling our asset management. Financial advisor costs add up, and when you're not getting what you pay for, it's a problem.
Calculator used in video: https://ativa.com/investment-fees-cal...
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Timestamps:
00:00 Intro
00:30 How Financial Advisor Fees Work
01:07 Calculating a 1% fee
01:51 Calculating a 1% fee on $100k
02:36 What you're paying for
03:32 What about growth?
04:08 My Client Saved $7k/yr
04:45 Benefits of working with a financial advisor
05:16 Why it's broken
06:02 Why it's outdated
06:32 Alternative options
08:51 Fees should be separated
09:19 High fee vs. Index fee calculation
11:04 Fees upon fees
11:17 Ultimate problem
11:27 My Services