Suze Orman advocates for financial advisors who charge a percentage of assets and invest in stocks.

From Yahoo Finance: 2025-06-14 10:02:00

Suze Orman, a renowned personal finance expert, emphasizes the importance of choosing the right financial advisor. She recommends finding one who charges a percentage of assets under management and invests in individual stocks. Orman explains that this payment structure incentivizes the advisor to grow your wealth efficiently.

Orman clarifies that a fee of 0.09% is low and likely refers to 0.9%. Most registered investment advisors charge around 1%, adjusting based on the size of the portfolio. She stresses the need for investors to understand and monitor how their money is being managed, staying engaged with their advisor regularly.

To find the right financial advisor, Orman suggests seeking referrals from trusted sources and using tools like BrokerCheck to verify their credentials. Potential advisors should communicate clearly, tailor their strategies to your goals, and disclose their fees transparently during the initial meetings. Being actively involved in your financial planning is essential for long-term success.



Read more at Yahoo Finance: Suze Orman Says This Is the Type of Financial Advisor You Should Have (And What They Should Do With Your Money)