The Hidden Costs Associated with Investing: Exploring Fees and Expenses

Jun 7

Have you ever wondered about the fees and expenses associated with investing? In today's episode, we dive into this topic headfirst as we explore three hypothetical client scenarios and shed light on the costs involved in different investment relationships. Throughout the episode, we unravel the truth that Wall Street doesn't work for free, emphasizing the importance of being mindful of fees in the world of investments.

You will learn that not all commission-based advisors are inherently bad, and not all fiduciaries are unconditionally good. We discuss the significance of understanding how your advisor is being compensated for managing your investments and how asking the right questions can be beneficial. Listen in as we highlight the potentially deceptive nature of Wall Street, which permits the embedding of fees and expenses within packaged products without disclosing them to the general public.

What You’ll Learn:

Why someone may choose to DIY their investments.
The importance of remembering when it comes to investments there are usually fees.
The benefit of looking for hidden fees and expenses.
How to find out how your advisor is being paid for your investments.
Wall Street does not disclose every fee they charge you.

Ideas Worth Sharing:

“Wall Street doesn’t work for free.” - Fiat Wealth Management
“Wall Street is actually allowed to embed fees and expenses inside of packaged products without having to disclose them to the general public.” - Fiat Wealth Management
“Not every commission-based advisor is bad, and not every fiduciary is good.” - Fiat Wealth Management