Financial advisers' 1% fees may cost investors over $166,000 in returns

A financial adviser charging a 1% annual fee is common, but it may be too high for simple investment management. For a $500,000 portfolio, this translates to a $5,000 charge, potentially costing you over $166,000 in returns compared to lower-fee options. Lower-cost alternatives, such as index funds, are available for investors seeking better value.

Summary by Glance · The Age