Financial advisors trying to drive the profession to be more transparent about fees and services will meet next month at a conference designed to be different from any other in the industry.

・Financial advisor fees still vary widely: from under 0.30% at digital robo-advisors to 1% or more at traditional firms. ・Hidden costs often come from fund expenses, commissions, or “wrap” accounts ...

Transparency is a highly valued attribute that is routinely promised—and frequently undelivered. In fact, it often seems that the more loudly transparency is touted, the more opaqueness is practiced.

The Charles Schwab Corp. is currently considering raising fees financial advisors and registered investment advisors firms pay in order to participate in its client referral program, Schwab Advisor ...