When was the last time you spoke to your financial advisor? Have they ever informed and/ or explained what “automatic annual advice fees” are?
Well, they should have!
In our latest segment of “Money Minute,” we look at automatic annual advice fees in more detail, starting with the somewhat menial annual percentage costs, that turn into eye-watering figures over a prolonged period of time.
If you’re aware that you’re paying for this annual advice, do the costs justify the outcomes? If not, I think it’s time to re-evaluate your expenses so that you’re not lining for IFAs pockets for no extra value!
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