Risks
Advisor Fees
Retirement accounts and investment portfolios are the backbone of your retirement. Neglecting to account for the fees associated with these products, however, can leave you planning for retirement with inflated numbers.
Retirement accounts and investment portfolios are never free, but a surprising amount of Americans preparing for retirement aren’t aware of the costs associated with their accounts. Retirement products like 401(k)s often come with operating fees and ongoing costs, ranging on average from 0.5% - 2% of your assets, but fees can sometimes be much higher depending on your provider.
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We can help you understand the fees associated with your accounts and portfolios, offering you transparent information about how your investments are managed and operated so you can prepare confidently for the retirement of your dreams.
See examples below of advisor fees that we can help you with.
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38% of Americans
21% of the population don’t think they pay any advisor fees and an additional 17% have no idea how much they are paying in fees to the advisors of their investment accounts – even if they’re getting bad advice!
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0.45% Fee
This is the average fee across all assets that you own which are invested into a 401(k). No matter how much, this fee ads up quickly.
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One Percent
On average, a financial investor will pay at least one percent in fees every single year they are invested in traditional markets, even if your investments are losing money.
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Losing Money
Investment fees can slowly eat away at all the money you have saved for the best years of your life. We help make sure you know your fees, and reduce them whenever possible.
TOP ADVICE:
Be sure you know exactly how much you’re paying to your retirement bank, advisor, or institution. Demand transparency, and don’t get caught paying fees for bad service.
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All service providers are required to be transparent about their fees, but sometimes you’ll have to go looking for them. We’ll always give you honest information about how we’re paid for our work.
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While a fee might be discouraging, take into account how a well-managed account with a fee might yield more, ultimately, than one you manage yourself.
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Robo investing can reduce fees on your portfolio, though passive portfolios give you less flexibility as markets fluctuate. Considering an actively managed portfolio? We’ll walk you through the benefits.
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