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Is your financial advisor overcharging you? Here are ways to protect yourself
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cnbc.comSome financial advisors may be overbilling for their services. Fortunately, there are steps a client can take to protect themselves.
A recent Securities and Exchange Commission investigation of advisors' fees found several errors that resulted in clients overpaying.
In some instances, advisors charged fees that differed from their contractual rate, double-billed clients or assessed fees based on an incorrect account value, according to the SEC alert, published Nov. 10.
Further, the agency found some advisors furnished false or misleading fee disclosures to investors. Sometimes they didn't have disclosures at all.
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