Make sure your financial adviser is worth what you’re paying

Screenshot 2015-01-11 18.41.04.png

“Most people pay much more than they think for the advice they get,” said Scanlon, a former managing director at Bernstein Global Wealth Management in Dallas. “If you are paying 2 percent to get 5.7 percent [in an investment return], what that really means is that you are paying 35 percent of your return for this advice, which is outrageous.”