How to find those hidden fees and costs invested in mutual funds in your retirement portfolio?


  • Compensation paid can create a conflict of interest between what is best for you, the client, and what is best for the advisers interest
  • Usually charge both fees and commissions based on the products they sell
  • Hold licenses that allow them to sell investments or insurance products for a commission
  • Don’t have a duty to disclose their method of compensation. It can confuse clients who may not fully understand when their fee-based advisers are working for commissions


  • No inherent conflicts of interest
  • Fees or compensation not based on
    product sales
  • Provide more comprehensive wealth management advice based on asset allocation
  • Carry professional designations which hold them to strict codes of professional and ethical conduct.
  • Fee-only advisers are obligated to charge a one-time or ongoing fee, depending on the types of services they provide
  • Fees normally based upon the percentage of assets under management