25th November 2019

investopedia
10

What is a reasonable amount to pay a financial advisor?

The average fee for a professional financial advisor's services is 1.02% of assets under management annually for an account of one million dollars (the industry average fee is 0.99% and decreases depending on the size of your account).

Do financial planners charge fees?

A: Financial advisors who operate as fee-only planners charge a percentage, usually 1 to 2%, of a client's net assets. For a typical 1% rate on a $1 million portfolio, financial advisors take home $10,000 per year. However, the more assets a client has, the lower the percentage he pays for advisory services.
Write Your Answer

Rate

94% people found this answer useful, click to cast your vote.

4.7 / 5 based on 3 votes.

Bookmark

Press Ctrl + D to add this site to your favorites!

Share