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The most important thing to be aware of when looking for a new broker is the rate of return on his investments for other clients. If he won't tell you, run the other way!

Before hiring a broker, you should be aware of a plethora of fees. Many of these fees are hidden and should be looked into. Some of these fees include hidden charges that take a certain percentage of the interest you make on a stock. Other fees include redemption fees, exchange fees, account fees, and purchase fees.

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Q: What fees should I be aware of when hiring a broker to manage my investment portfolios?
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