Episode 74 - No such thing as a free lunch.

None of us work for free. Given that, we should not expect our financial advisors to either. If you are getting help investing your money and you think you are paying low or no fees, then your advisor may be profiting from you in another way that is not as obvious.

In this episode we cover 3 major themes of fees that financial professionals receive including:

1. Direct fees

2. Marketing and Revenue Sharing fees

3. Wealth Management fees

Then we review how your costs could be made up of one or more of these fees. We make the case that up front and transparent fees, when necessary, are the best kind of fees to pay for financial services both from a peace of mind and long term outcome perspective.

If you or someone you care about is working with a broker-dealer to invest hard earned money then this episode is definitely for you.

Investments discussed will include:

• Vanguard Total Stock Market Index Fund ETF Shares (VTI)

• American Funds The Growth Fund of America® C (GFACX)