If your financial adviser is earning a commission, I say, run': An investing expert's advice

A $4m portfolio can be managed with minimal time, but traditional financial firms often add complexity and multiple fee structures. A financial advising network called Nectarine was founded to provide advice with fewer conflicts of interest by charging for planners’ time only, with no commissions and no percentage of assets under management. The model challenges incentives in conventional firms that may encourage selling financial products. Automated robo-advisers can build portfolios quickly, and AI apps can analyze and optimize spending, but human advisers remain important for nuanced questions such as buying versus renting, affording college, and deciding when to retire. The approach targets the broader, non-transactional needs of financial guidance.

"They can help you answer the big, hairy questions that even the most powerful AI isn't yet nuanced enough to crack, says Schneider: Should I buy or rent? Can I afford to send my kids to college? When can I retire? It's the vast world of financial advice that isn't clicking buy on an index fund, Schneider says. That's where people actually need help."

Read at www.theguardian.com