If you work with a financial adviser, now might be a good time to review your advisory agreements and financial statements. Last year, the Securities and Exchange Commission took a closer look at the business practices of registered investment advisers and broker-dealers and didn’t like what it found.
Financial advisers and broker-dealers under SEC supervision go through periodic examinations to ensure that customer disclosures and business practices are in line with the law. If the SEC notices that a large number of firms are making the same error over and over, it will issue an alert.
Look at what CPAs and lawyers charge for like filing a single request or spending 15 minutes with you and then come back with your audacity that financial advisors are overcharging when they are incentivized to have you succeed to benefit you both