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Mike Palmer in MarketWatch: What you should look for in a financial advisor

Some advisors aren't fully transparent about how they are compensated. CBS MarketWatch spoke with Ark Royal Wealth Management's Managing Principal Mike Palmer about whether or not a financial advisor is worth the cost and how to better understand various fee structures. Palmer shared that the onus falls on the client to be sure to properly vet the advisor and get a clear understanding of the fees involved and precisely what services are included. "I've seen some advisors sell an annuity with a fat commission and then the client never hears from the advisor again," said Palmer. "Does the advisor do more than manage investments? If the advisor claims to offer financial planning, ask to see an example - not only of an initial plan, but of how the plan evolved over time." 

Click here to read the entire MarketWatch article.