How are Investment Advisors paid?
Before you hire any financial professional–whether it is a stockbroker, a Financial Planner, or an Investment Advisor–you should always find out and make sure you understand how that person is paid. Investment Advisors generally are paid in any of the following ways: • A percentage of the value of the assets they manage for you, usually ranging from .5% to 1.5% • An hourly fee for the time they spend working for you • A fixed fee • A commission on the securities they sell • Some combination of the above. Each compensation method has potential benefits and possible drawbacks. Ahern Wealth Management, Inc. is a fee-only financial planning firm committed to clients and their financial goals. Fee-only planners, like us, are compensated solely by fees paid by their clients and do not accept commissions or compensation from any other source. As fee-only planners, we believe there is a significant conflict of interest if an advisor/planner only sells products to clients. Historically they s
