My mom uses a financial advisor and pays the standard 1%. I’ve tried telling her she should pay a lawyer or an advisor a set rate for specific projects and I’ve explained to her how much money she would save. She doesn’t listen. Maybe I am wrong. What are the reasons to use a financial advisor and pay more? It seems like they always get their hooks into the older wealthier people. Is it an aversion to loss that explains this? Is there anything anyone can suggest as to an approach to helping my mom save her hard earned money?
Submitted August 16, 2023 at 03:20AM by jteainternational https://ift.tt/CHXsmxn
