Should I Reevaluate a 1% Fee on My $2M Portfolio?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Paying a 1% annual fee to a financial advisor for managing a $2 million investment portfolio is pretty typical, but that doesn’t necessarily mean it’s the right amount for every investor. Even small-sounding financial advisor fees can seriously erode long-term returns when compounded over years or decades. A 1% annual fee on a $2 million portfolio earning 7% could cost you more than $375,000 over 10 years. ...