How much does an advisor charge per year?

AUM fees are often charged quarterly. For instance, if you have $1 million with an advisor who charges 1% per year, you’d pay $10,000 for the year, or $2,500 per quarter. Advisors can charge one or more of the above fee types.

How much does a financial advisor cost?

Average financial planner fees usually range from $6,000-$11,000 a year for a retainer, depending on the financial advisor, location, and the complexity of your financial management needs. Firms that charge their financial advisor fees average as a retainer are usually looking to form long-term relationships with clients.

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.