“Most advisors make their money when your portfolio grows, which is why they love older people and wealthy people who specifically do not understand commission structures,” he said.But when she asked their financial advisor about his fee, “he told me, ‘oh, it’s roughly around 1%.’ I’ll never forget, he made this face like, oh, it’s not that much.”“I generally feel as though most people are good and they’re not trying to rip us off,” Susan said.Jeff has two brokerage accounts managed by an advisor who charge ...