Today news
About the same in other media
Is your financial advisor overcharging you? Here are ways to protect yourself
Reading now: 966
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.
More from Personal Finance:How muni bond interest can trigger Medicare premium hikes5 things investors need to know about the GE
Read more on cnbc.comAbout this in other media
MP warns of financial corruption in UK escaping ‘toothless’ enforcers theguardian.com /2 years ago
UBS names JPMorgan veteran Youngwood as new chief financial officer fnlondon.com /2 years ago
Trader using astrology-based analysis predicts this for Bitcoin, Ethereum ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
