Advisor fee - what are you paying for?
When you invest in a mutual fund you pay a fee and part of the fee is split between the advisor and the dealer. The fee typically ranges between 0.5% and 1.25%. Sometimes it is transparent and other times it is embedded but you are paying it.. You should be receiving the following:
-Check-ins and a minimum of an annual review
-Behavioural coaching
-Investment research
-Cash flow management
-Tax advice- depends on advisor's knowledge and training
-Debt management
-Risk management
The service may vary but you are paying and should be hearing from your advisor.