Welcome to the Jill On Money Show.

It's Friday, August 9th, and we are here trying to help you make better financial decisions, maybe less bad ones.

It doesn't really matter.

If there's something going on in your real life that remotely touches your money, we'd love to hear from you, just go to our website,

jillonmoney.com. In the upper right hand corner, wherever you are on that website, you will see a

little button that says, contact us. When you click it, a form will pop up and you complete the

form. That's the email that we'll receive from you. If you would like to

join us live, don't forget to check that box and Mark will do everything else. And today is

Friday, which means we are doing our Friday focus. And our focus today is, are the managerial

fees worth it? This question comes up constantly from you,

and we're so happy to focus this Friday's episode on it. So let's start with an email from

Michael. Dear Jill, I just happened to hear your radio broadcast on Saturday afternoon and

decided to send you a message.

This is something that I never do. I love that. Welcome, Michael. I've worked hard all of my life and

I continue to work part time. I'm a saver, but not a great investor. I currently have a financial

planner who charges me an annual percentage of the value of the portfolio.

Now, this amount, it's always on my mind.

The financial planner, working for a large firm, reminds me that he receives a salary plus a performance bonus,

but does not receive the full percentage amount of my total assets. Are there

people who are fee-based? Or should I accept the fact that if I have a financial planner,

then I must pay the fee? Okay, Michael, is a great question. First of all, there are ways that you can

pay an advisor. You know, so it's like a commission base. It's what you're doing in asset undermanagement. And of course, there are ways that you can pay an advisor. You know, so it's like a commission base. It's

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