This is from a study by Bob Veres on advisory fees explained with a great article written about it by Michael Kitces, which can be found HERE.
If you don’t know what you are paying in AUM or assets under management fees, and where you fall within this study, you are doing yourself a disservice because the more you pay the less you’ll have in 10, 20, 30 years.
That doesn’t mean you should pay nothing, you do get what you pay for, but you shouldn’t get ripped off either.
Knowing whether you are being a charged a reasonable fee starts with knowing what you are being charged in the first place.
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