Crest Financial LLCis a state of Oregon Registered Investment Adviser. This website is intended to be general in nature and should not be construed to be financial or investment advice. The information provided here is for guidance and informational purposes only. Investments involve risk and are not guaranteed. This website and information are not intended to provide tax or legal advice and you should consult with your tax and legal professionals about your unique situation.
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Asset based fees can add up to tremendous sums over time and we refer to these as weapons of cash destruction. 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 to the greatest extent possible. This of course depends on your goals and your ability to pay for the services you need.
Consider a different approach for fees. Pay a flat fee or hourly rate for only the services you want!
If you are investing in a bundled financial product you will have some level of asset based fees. There may be transaction fees, which can be deducted from your assets as a flat dollar amount 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.
The case study above is purely hypothetical and does not represent actual securities, clients or results. This illustration is provided for educational purposes and similar, or even positive results, cannot be guaranteed.