Is Paying a Financial Advisor 1% Too Much? (What You’re Missing)

About this episode

Dr. Preston Cherry discusses the implications of paying a financial advisor a 1% fee and explores various financial advice models.

Is paying a financial advisor 1% too much? It’s one of the most common questions people ask before hiring an advisor—and one they often revisit after they start paying the fee. In this episode, Dr. Preston Cherry breaks down: What a 1% AUM fee actually costs over timeWhy fees increase automatically as portfolios growWhere mistrust in financial advice comes fromThe differences between AUM, flat fee, fee-only, and advice-only modelsWhat fiduciary really means in practiceWhy more people are movi...

People in this episode

Host: Dr. Preston Cherry

Topics covered

• financial advisor fees
• investment management
• fiduciary responsibility
• financial advice models
• trust in finance

Keywords

• financial advisor
• AUM fee
• investment fees
• fiduciary
• financial advice

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