Investing $1,000 per month for 30 years with a financial advisor who achieves an 11% return but charges a 1.5% fee, could result in just under $1.8 million due to fees.
"let's assume now that your financial adviser charges you a small little 1 and 12% fee. That means over these 30 years, although you beat the markets, now you're going to be left with a little bit under $1.8 million"