How much should a fee only advisor charge?

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How much should a fee only advisor charge?

Postby jwblue » Sat Dec 29, 2012 11:35 pm

Is it a percentage of assets or a flat fee?
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Re: How much should a fee only advisor charge?

Postby CABob » Sun Dec 30, 2012 12:17 am

jwblue wrote: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.
Bob | An investment in knowledge pays the best interest. -- Benjamin Franklin
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Re: How much should a fee only advisor charge?

Postby umfundi » Sun Dec 30, 2012 12:36 am

jwblue wrote:Is it a percentage of assets or a flat fee?


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

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Re: How much should a fee only advisor charge?

Postby dandan14 » Sun Dec 30, 2012 10:00 am

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.
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