Make sure you understand how and when you pay your adviser, before you hand over your money. Some kinds of advice are free, like some of the advice you get from your financial institution. More often, you do have to pay for help from advisers.

Pay more, get more?

What you pay your adviser can have an impact on the level of advice and service you’ll get. The more you have to invest, the more service you should expect to get back.

Example: Let’s say you have about $5,000 in investments. You pay a small fee to your adviser every time you buy and sell. Would you expect the same level of service and advice as someone who invests $5 million? Not likely. Bigger investors are likely paying a large yearly fee for advice.


Learn more now