Readers of my commentaries know that I always suggest most investors avoid adviser fees because they take away up to 20% or more of securities earnings when they charge an annual fee equal to 1 1/2% of your total assets.
The media bothers to get into the question you may ask your adviser whether he or she is compensated from the sale of any securities on which they advise. You should never get to that stage.
Of course there is a conflict of interest if the adviser’s compensation comes from the sale of any securities on which he or she makes a judgment. Avoid that entirely. But why require an adviser in the first place?
The only adviser you need is a lawyer when necessary or tax account or estate expert when needed.
It is simple enough to learn the rudiments of basic investment. You can learn simple investing A B Cs, if you try. It’s your money and future. ( See the Earl J Weinreb NewsHole® comments.)
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