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 | Engineers are not boring. We just get excited over boring things.