The Fees Seem High
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 13 March 2022
⏱️ 8 minutes
🧾️ Download transcript
Summary
With some time on my hands to do some poking around, it seems I'm paying a lot in fees. Am I right?
Have a money question? Email us, ask jill [at] jill on money dot com.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome aboard this Air France podcast message. Air France and its crew invite you to discover |
| 0:09.4 | its business class cabin, where you can enjoy a full flatbed. For even more comfort, an |
| 0:16.0 | ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast. |
| 0:23.4 | Air France book your business class tickets now at afrance.co.uk |
| 0:29.6 | heard about magpie the vegan pie truck that needed a bit of help from gold daddy. One |
| 0:33.8 | day the owners are like this business hasn't reached this potential and the other one goes |
| 0:38.3 | we need a bigger piece of the pie and then it hits her. We need gold daddy look we can |
| 0:42.9 | get a domain name and create an online store so we can sell to more customers. Now they've |
| 0:47.4 | gone from serving a couple of eyes of vlogging nationwide and now everyone's like vegan |
| 0:52.9 | pies. On the next step on your business journey with gold daddy. Welcome to the Jill |
| 1:04.7 | on Money Show. It is Sunday March 13th and you know on Sunday they don't like to go |
| 1:10.1 | too crazy with the intro so it is a day where like any other except that you have one |
| 1:16.5 | hour less and if you need some help or handholding through something going on in your financial |
| 1:21.8 | life all you need to do is hop onto the website JillOnMoney.com and just click on the contact |
| 1:28.2 | us button that is what Cheryl did. She is on the line from Massachusetts. I just retired |
| 1:33.5 | about a year and a half ago and I am able to spend a little bit more time now looking |
| 1:38.9 | at portfolio. We hired a financial planner a few years back and we're very happy with |
| 1:46.8 | him but I did a spreadsheet on the fees that he's actually getting per year and 2% didn't |
| 1:58.6 | sound like a lot until I actually looked. Okay so the investment advisory fee is 2%. Now |
| 2:05.1 | here's my question to you. How big is the portfolio? It's over a million dollars. What? |
| 2:12.8 | 2% for a million dollar portfolio? You're getting screwed. You're getting screwed. That's |
| 2:19.0 | the best way I can say it. You might be a nice guy but that's too much to pay. Well I should |
... |
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