Beware of financial advisors with hidden fees from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
It is crucial for investors to be vigilant when it comes to working with financial advisors. One common pitfall to look out for is hidden fees. While advisors are supposed to act in the best interests of their clients, some may prioritize their own profits over the financial well-being of those they are supposed to serve. This can manifest in the form of undisclosed fees that eat away at investors' returns without their knowledge. These hidden fees can come in many forms, such as sales charges, account maintenance fees, and expense ratios. They may seem insignificant at first glance, but over time, they can add...
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