When Booker O'Neal reviewed his investment statement last fall, he noticed something odd: All the stock market indexes were up for the year, but his nest egg was down 3 percent.
Even worse: O'Neal, a retired marketing executive in Kansas City, Mo., was losing another 1 percent to the annual fee his financial advisor of four years was charging him to manage his account. And that was on top of the fees for the funds in his portfolio. "I asked myself: What am I getting for that?" said O'Neal.
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