Who is being paid on your financial planning team? How much of this goes to your professional and how much goes to the financial institutions you are working with? Your financial planning professional should welcome these questions and provide candid answers. You should expect a transparent relationship for the duration of your work together.

Asset based fees can add up to tremendous sums over time.  These are the percentages that you may not notice coming from your investments. In a given year they may not add up to much, but as your account grows your fees grow.

As a general rule you should avoid asset based expenses whenever possible. This of course depends on your goals and your ability to pay for the services you need.



If you are investing in a bundled financial you will have some level of asset based fees.  There are always transaction fees, which are deducted from your assets as a dollar or as a percentage built into the product or account. 


However you invest it is highly likely that there is an asset based expense that you cannot escape.​ You deserve a breakdown showing what you are paying and who is getting paid. This is one of Crest Financial LLC's performance standards.

The above is a hypothetical example and is provided for illustrative purposes only.


This content has been developed by Crest Financial LLC and is believed to be accurate. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. The Investment Fiduciary standard of care applies to advisory services only. Securities offered through Securities America, Inc., Member FINRA / SIPC, and Advisory Services offered through Securities America Advisors, Inc., Douglas E. Richards, CLU®, ChFC®, CFP®, AIF® Representative. Crest Financial LLC and Securities America are separate entities. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. Copyright 2018 Crest Financial LLC

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