Shouldn't fees for financial planner's services be based on work actually completed, prorated from the start?


started new planner connected lpl. know 1.8% per annum fee bit high have high expectations of talent. however, first quarter's fee showed on $100000 account on 3/8/2010 $465. when called him explanation, said first fee confusing because it's figured on current month (3days) + next 3 months. "the next quarter statement adjusted account "overage" in first quarter, , computations "will" based on actual balances on quarter, , he'd send me printout of current computations. (see below) other adviser's billing prorated start, expected advisor. has else experienced kind of "money grab" if gets cleared in long run?

"your specific account:
$100,000 x 1.80% x 93/360 = $465.00
*3 days in february (26, 27 & 28) + upcoming 3 months = 93 days"

, sets procedure, lpl financial or independant advisor? doubts demonstrating lack of trust, , scares me think i'm @ point after handing on $100,000 hard earned cash.

we started new planner connected lpl. know 1.8% per annum fee bit high have high expectations of talent. however, first quarter's fee showed on $100000 account on 3/8/2010 $465. when called him explanation, said first fee confusing...


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