Source: International Business Times
High-net-worth investors are losing a lot annually on 'automated' advice as experts demand a shift to fee-only models to protect retirement pots. Investors across the US are currently facing a silent drain on their wealth as the traditional 1 per cent financial adviser fee comes under intense scrutiny. For a client managing a $1 million portfolio, this standard charge results in a staggering $10,000 annual bill.
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