Is a $50K Advisor Invoice After a Spouse’s Passing Standard Practice or Something Else?

On a five-million-dollar portfolio, a tiered approach is common. For example, one percent on the first two million dollars amounts to twenty thousand dollars, while a rate of 0.75 percent on the remaining three million adds roughly twenty-two thousand five hundred dollars. That brings the total to about forty-two thousand dollars a year, which is close to the fifty-thousand-dollar figure she is encountering in her search.Despite the Redditor’s hesitation, a one percent AUM fee is not unusual. It sits square ...