Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Layered Fees'
Management fees that are paid by an investor more than once for the same group of assets. There are often fees for individual assets, such as annuities and mutual funds and then the Investment counselor adds their fees.