Conventional financial advice since the dawn of mankind has always come from a real, live human being. Yet with technology changing the way we go about life in almost every way possible, robo-advisors — computer programs designed to invest your money — are a popular reality for investing and retirement savings. Robo-investing services are growing fast, their …
Investors pay their managers a fee according to their contract. Assets managed, multiplied by the predetermined fee is the cost of investment advice. Case Closed, right? Depending on the placement of investments, there may be a “Layering of Fees”. If the Investment Manager uses additional funds or groupings of assets for investment, the managers of …
The way in which a financial planner is compensated can influence the recommendations they make for you. Some advisors work under a mandate that requires only that their recommendations be suitable for your particular situation. Other advisors work under a fiduciary standard that requires advisors to consider what is in their client’s best interest. If a financial …
