Traditional financial advisors charge a percentage of your portfolio each year. This "assets under management" (AUM) model penalizes successful investors and destroys value. This can particularly affect the assets of high net worth investors.
Even seemingly small AUM fees will significantly erode a portfolio's value over an extended time period. How many millions of dollars is your advisor costing you?
Wedmont asseses a fixed, flat, and fair fee that does not change based on your assets under management. Learn more about the damage AUM fees can cause and why they bear no relation to the value provided by a financial advisor.