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When looking for a financial advisor, you’ll encounter various compensation arrangements, including fee-only advisors and fee-based advisors.Fee-only advisors and fee-based advisors sound very ...
Robo-advisors, which use an algorithm to build portfolios for clients based on their goals and risk tolerance, charge a lower AUM fee than human advisors. Robo-advisor fees typically range from 0. ...
Still, as you research advisors to help you plan your financial future, you should understand … Continue reading ->The post Financial Advisor Fees: Fee-Only vs. Fee-Based appeared first on ...
Rates vary by region of the country and an advisor's experience level and expertise. Some advisors charge a retainer fee schedule that is paid quarterly or annually. Other advisors charge based upon a percentage of the client's assets under management, such as a 1% fee on the assets per year. Regardless, the fee must be made clear to the client.
Fee-only advisors: A fee-only advisor charges a fee for their services, typically hourly or annually. Notably, fee-only advisors do not earn commissions on the sale of investment products to clients.
Fee-based advisors, on the other hand, can charge fees for their services and also earn commissions from the products they sell. A fee-only advisor is held to the fiduciary standard, meaning they ...
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