you. he would make roughly $5,000 per year. suppose though, you wanted to use $300,000 of that money to pay down your mortgage or buy a vacation home. this might be great for you, but your advisor’s fee would drop by $3,000 per year. not so great for him. that’s a conflict of interest because using that money to meet your goals would require his fee to drop by 60%.
if he advised you not to pay down the mortgage, or not to buy the vacation home, you have to question if he is giving that advice because it’s right for you, or whether it is related to his wanting to 