Advisory fees
These are probably the highest fees you could pay, and they depend on your investment. Advisors always talk about tiny fractions of a percent and, for example, 1 percent comprises 100 basis points, and 50 basis points equal 0.5 percent. You need to understand what 1 percent means. So, if your portfolio is valued at $500,000, you’ll have to pay $5,000 annually.
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