If you work with a financial advisor, now might be a good time to review your advisory contracts and financial statements. Last year, the Securities and Exchange Commission took a closer look at the business practices of registered investment advisers and broker-dealers, and they didn’t like the results.
Financial advisers and broker-dealers regulated by the SEC are regularly reviewed to ensure client disclosures and business practices are in compliance with the law. If the SEC finds that a large number of companies are making the same mistake over and over again, they will issue a warning.
https://www.wsj.com/articles/how-to-tell-if-financial-adviser-is-overcharging-11648753458?mod=rss_markets_main How to tell if your financial advisor is overcharging you
