✉news BusinessPersonal Finance first seen 17 h ago, last 3 h ago, peak #9
Wealthy investors struggle to find hourly financial advisers
Original: I’m rich, and I’d like a seasoned financial adviser who charges by the hour. Why is this so hard to find?
A MarketWatch column highlights a wealthy reader's frustration at being unable to find a seasoned financial adviser who charges by the hour instead of taking a percentage of assets. Most advisers tie fees to portfolios under management, which grows expensive for large estates, leaving affluent clients seeking flat or hourly arrangements with few options, and the column asks why the industry has not filled this gap.
Why now: Fee models in wealth management are under scrutiny as investors question paying percentage fees regardless of the advice given.
Evidence
- I’m rich, and I’d like a seasoned financial adviser who charges by the hour. Why is this so hard to find? · MarketWatch
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