Even When He Loses Money, He Charges Me 1%. So, Should I Get a New Financial Adviser?

A letter writer asks if it's time to switch financial planners when they are paying a 1% fee even while experiencing substantial losses. The author explains that although the 1% fee is common in the industry, it’s frustrating to pay when losing money, and advises evaluating when the fee is justified, what to do in case of losses and whether to find a new adviser using tools like CFP Board's website, LetsMakeAPlan.org.

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