In this episode, Warren Ingram and Pieter de Villiers break down one of the most confusing parts of investing: total fees. They explain how to understand the full cost of investing through effective annual cost, including investment management fees, platform/admin fees, and advisor fees.

Chapters

00:00: Introduction to the fee question
01:55 :What effective annual cost means
02:24: Investment management fees: active vs passive
05:04: Performance fees and realistic fund fee ranges
07:11: How to compare fund performance fairly
09:03: Admin fees and platform types
10:01: LISPs vs brokerage platforms
12:53: Why index trusts can be cheaper than brokerages
14:42: Service quality, tax reporting, and hidden costs
17:04: Advisor fees and compensation models
18:21: Why commission-based advice is problematic
19:17: Flat fees, hourly fees, and ongoing retainers
24:06: Why an advisor can add value beyond picking funds
26:28: Practical fee ranges for total costs
28:24: Final takeaway: price vs value

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