How much should a fee only advisor charge?

[jwblue]

Is it a percentage of assets or a flat fee?

[CABob]

Is it a percentage of assets or a flat fee?

Both. Some advisors charge a flat fee or an hourly rate. The majority, however, charge a percentage of assets managed. The percentage is usually less with a higher asset amount. Percentages seem to range from 0.25% to 1.5%. There may also be a minimum amount charged for small portfolios.

[umfundi]

Is it a percentage of assets or a flat fee?

Which animal are you hunting? An investment advisor or a financial planner?

Keith

[dandan14]

For an hourly planner, the going rate is about $150-$250/hour.
Depending on how much money you have and how much advice you need, that can come out significantly cheaper than paying a 1% "Assets Under Management" fee.