What are advisor fees?

Advisory fees: These fees are often charged as a percentage of the assets you have under management with the advisor, called AUM fees. “These fees are usually billed and paid directly from the accounts,” said Brian Kuhn, senior vice president and financial advisor at Wealth Enhancement Group. AUM fees are often charged quarterly.

How much do financial advisors charge?

Most financial advisors charge between 0.25% and 1% of your account balance, though some charge a flat fee. Robo-advisors charge the lowest fees, followed by online financial advisors and traditional financial planners.

What is a fee based financial advisor?

Fee-based financial advisors will charge fees while also earning commissions on the products they recommend to you. Registered investment advisors (RIAs) are firms that are typically paid through an annual account fee or a percentage of your invested assets. They can be fee-only or fee-based. Robo-Advisors are low cost automated online platforms.