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Fee-only advisors and fee-based advisors sound very similar, but they have some major differences, and it could have a big impact on the kind of advice you receive as a client.
As a small business owner, you’re probably used to doing a lot of things yourself and might wonder if you really need a financial advisor or if you can manage everything on your own.
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 ...
If you decide a traditional advisor is right for you, there are two typical fee structures: fee-only and fee-based. Fee-only advisors’ fee structures tend to be simpler and hold less potential ...
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.
Robo-advisor fees typically range from 0.25 percent to 0.50 percent and you can often get started with small amounts of money, whereas human advisors typically want to see at least $100,000 or ...
Other common fee types are flat fees and hourly fees. Fee-only advisors … Continue reading ->The post What Is a Fee-Based Financial Advisor? appeared first on SmartAsset Blog.
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