Many of them are well-known while a few are so covert that consumers get caught off guard when they realize they've been paying thousands of dollars in fees without knowing it. Not all fees are bad, however. After all, financial professionals have to make a living.
But that doesn't mean they have a right to keep you blissfully unaware of what you're paying for the services they're providing. Before you hire a financial adviser, it's a good idea to learn how they get paid. Ask them directly how they make their dough. If they dance around the question, take your business elsewhere.
There are a few financial fees you should never pay. Many times, these are the sneaky ones that pop up when you least expect them. Avoid these, and you'll be well on your way to brighter financial future.