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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Single Mum Pays £12K Yearly to Adviser Despite Losses on £812K Portfolio—What Are Her Options?

Financial adviser fees can grow with your portfolio size. (Credit: Ron Lach/Pexels.com)

A single mom of three wishes to help her kids through college, finance their first cars, retire at 65, and outlive her money to leave behind some of that wealth for them. As the sole breadwinner, she decided to sort her finances early on with the help of an in-house financial adviser.

She decided to chalk out a detailed financial plan based on her life goals, personal loans, mortgage, and expenses before investing £812,000 ($1 million) with the financial advisor.

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