I Have $2.2 Million Invested and Pay a 1% Advisor Fee. Is That Too High?

Typically, this is charged on an annual basis. For example, say that your financial advisor charges 1% and manages $100,000 on your behalf. That year, they would charge you $1,000.This is very common, and it’s what people mean when they say that they are paying “X%” to their financial advisor. Here, the advisor charges a percentage of the assets that they hold and manage on your behalf.Under a performance structure, the financial advisor receives an additional payment if they meet a specific financial bench ...