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Jill on Money with Jill Schlesinger

Is Our Advisor Charging Too Much?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 1 January 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

When it comes to investing these days, there's really no reason at all why it should be costing you a lot of money, unless of course you're dealing with a greedy advisor. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Are you ready for a Monzo Business Bank Account?

0:03.3

Heather from the Accountant's Growth Club was,

0:05.3

knowing what cash I have is really important and Monzo Business makes it easy.

0:09.8

It automatically puts 20% of my income into a tax pot.

0:14.0

When it's time to pay your VAT, I always know the money's there.

0:17.0

If you're ready for a Monzo business account, apply today.

0:20.0

Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.

0:25.0

Get tax pots with Monzo Business Pro for £5 a month.

0:28.1

Te's and sees apply. Welcome to the Jill on Money Podcast. It's finally 2021. I'm so excited. Thank goodness.

0:41.0

That dumpster fire of a year 2020. Goodbye. See ya, wouldn't want to be

0:46.5

you. Let's start the new year off on good financial footing. So if you've got a financial question,

0:52.4

if you've got anything going on in your

0:53.8

financial life give us a shout our email address is ask Jill at Jill on money.

0:59.5

Come ask Jill at Jill on money.com and we'd love to have you join us on the air.

1:05.0

That's what Cheryl did. She is on the line from Massachusetts and here's a great

1:10.0

question to be asking yourself in the new year.

1:12.0

How exactly is your financial advisor or your

1:15.4

planner charging you? How? Huh? Do you know? Cheryl, what's going on? How can we help you out?

1:21.2

I just retire about a year and a half ago and I am able to spend a little bit more time now looking at

1:30.0

Portfolio. We hired a financial planner a few years back and we're very happy with him.

1:36.0

But I get a spreadsheet on the fees that he's actually getting for a year and 2% didn't sound like a lot until I actually

1:49.8

looked. Okay so the investment advisory fee is 2%. Now here's my question to you. How big is the portfolio?

...

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