How to Properly Evaluate Investment Fees

Every investor, whether you do it yourself or have professional help, needs to understand the fees they are paying because this is one of the most important factors attributing to investment performance overall. Fees can really eat into returns but they might also return better value than you would have achieved without the help.

So let’s unpack this idea a bit more with Laura Stover, RFC® and Michael Wallin, CFP® by taking a look at the most common fee structures you might pay a financial professional and the costs that often come with investing in certain products like mutual funds. The value you are achieving over the long run through various market conditions can help you make an assessment, but there are also many services that need to be accounted for when working with financial planners.

We want to provide you with relevant information on the show today so that you can make smart financial decisions. We’ll break down some of the numbers to give you a better idea of how to evaluate fees and share other considerations like revenue sharing and finding someone that aligns with your values and goals.

Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/

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How to Connect:

redefiningwealth.info

lswealthmanagement.com

Schedule a Review: https://redefiningwealth.info/schedule/

Timestamps (show notes):

3:47 – Getting value for fee rendered

8:11 – Making sure clients know exactly what they’re paying for

10:03 – Pay attention to this particular mutual fund

14:30 – The real cost of owning a mutual fund 

23:05 – Revenue sharing

27:52 – Aligning with your goals and values