Financial adviser fees remain unclear to most investors

03/4/2012 | Registered Rep.

A surprising number of investors have no idea what fees they are paying their financial advisers, according to a survey by Cerulli Associates and Phoenix Marketing International. Thirty-three percent of the clients responding said they didn't think they were required to pay anything to their financial advisers and 31% weren't sure how advisers are compensated for their services, the survey found.

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