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When I ask people how much they’re paying for their current wealth management or investments, what I often hear is “I have no clue”.  I find this very odd since most of my clients are entrepreneurs and C level executives who are able to calculate complex ROI’s for content marketing, adwords and a variety of other things.  They hire vendors and employees on a constant basis and consistently look at cost-benefit analysis (even if it’s back of the napkin).  Few of these clients would ever hire a vendor, service provider, employee, etc. without first knowing the cost.  Yet most people have no clue what they pay for investment advice or financial planning unless it’s a flat fee.

My industry has made it very difficult to find these numbers; most likely because most advisors fear they’ll have to then justify their value instead of actually providing value.  Transparency is a word that’s used frequently and practiced rarely.

Our firm provides clients with access to a portal so at any time they can see exactly what they’re paying in fees, what they’ve paid in the past and their performance in plain english without mathematical manipulation.

So the question is, how much are you paying and what value are you getting for it?

 

Investment advisory services offered through Proper Wealth Management, LLC, a registered investment adviser.
This site is published for residents of the United States only. Investment Advisor Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Jared Toren at 512-960-4076 or toren@properguidance.com.
Proper Wealth Management, LLC does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

Author: Jared Toren

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