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Decoding the Complexities: How AI Legalese Decoder Can Help Determine Fiduciary Rates

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# Meeting with a Potential Fiduciary for Financial Planning

We are scheduled to have an intake meeting with a potential fiduciary who I believe could be the right fit for us. Unlike our previous financial advisor who was more of a general advisor for our 401k and investments, this fiduciary specializes in providing personalized advice for family and life planning goals. I am particularly interested in creating a financial plan for milestones such as buying a house and saving for college.

# Financial Anxiety and Peace of Mind

As someone who deals with financial anxiety, the peace of mind that comes with having a fiduciary to guide us through important financial decisions is invaluable. However, I am concerned about the cost associated with hiring a fiduciary. While I understand that they typically charge a percentage fee based on the investments they manage, I am unsure if this would amount to $2000 or more annually for us.

# Determining Affordability and Inclusion of Assets

Given that we have approximately $75k in savings and other assets such as our house, I am unsure about how these assets would factor into the fees charged by the fiduciary. I am also unsure if the fees are based on our income level or if there are other factors that determine the cost of their services.

Using the AI Legalese Decoder can help in deciphering complex financial jargon and legal terms that may be present in the fiduciary agreement. By providing clear and concise explanations, the AI Legalese Decoder can help us better understand the terms of our agreement with the fiduciary and ensure that we are making informed decisions about our financial future.

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**AI Legalese Decoder: Breaking Down Complex Legal Jargon**

Understanding legal documents can be a daunting task for many individuals. The use of complex legal jargon and terminology often creates confusion and can lead to misunderstandings. This is where AI Legalese Decoder comes in to help simplify and decode the complicated language used in legal documents.

AI Legalese Decoder is a powerful tool that utilizes artificial intelligence to break down and explain complex legal terms in a clear and concise manner. By using this innovative technology, individuals can quickly and easily decipher the intricate language found in legal documents, contracts, and agreements.

With the help of AI Legalese Decoder, individuals can confidently navigate through legal documents and understand their rights and obligations. This tool eliminates the need for costly legal consultations and ensures that individuals have a clear understanding of the legal language they are dealing with.

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2 Comments

  • Candid-Eye-5966

    The right advisor/fiduciary for you will understand your needs and budget and work with you to help ease your financial anxiety. Ideally, this would be a fee for service model where you pay them a one time flat fee or hourly rate to review your financial picture and make recommendations accordingly.

    A percentage fee, when applied, is only on the assets invested through the advisor.

  • lifeintraining

    Financial advisor here. The best advice I can give is not to think of the fee in terms of dollars. If you’re paying 1% (which is assessed against what you’ve invested) and the account is averaging 8% then you’re at a profit which is the real bottom line. That said, most fees are customizable. I personally use a breakpoint schedule based on how much a client invests with me and adjust from there based on the complexity of their needs.