Financial expert Kathryn McCall, a CAPTRUST vice president, joined KCRA 3 this week to break down what to know about money manager fees and how to tell if your adviser is worth it.
“People spend more time getting the best deal possible on their next flight for their next vacation, they spend more time on that than they do understanding how their thousands or millions of dollars are being managed, and who they are paying and how,” she said.
McCall said a financial adviser can explain how they are being paid and who else you’re paying in the relationship.
Money changing hands can include commissions, management fees and in some cases kickbacks from companies to the financial adviser.
She said that certified financial planners are required to act in the client’s best interest.
“That’s a good starting place,” she said.
Watch the video above for more information on fees and questions to ask your adviser.
See more coverage of top California stories here|Download our app|Subscribe to our morning newsletter|Find us on YouTube here and subscribe to our channel|Make KCRA a preferred news
