We are constantly hammered in the consumer media that fee-based financial advisors are the way to go, but when should an exception be made? Yes, a financial advisor may take a bigger cut of the pie, but does this method of advising result in bigger returns? Should the decision be based partly on how large your net worth is, or what other factors should help determine your decision? Requirements: Experts and financial advisors of both types should include the pros and cons of each path, with a couple of examples. Would prefer also sources who have tried both and who can explain the results with case studies and anecdotes of which wound up being the better option.
Should you hire a fee-based or percentage-based wealth advisor?