Question 4: How much will a financial advisor cost?
The fees associated with financial advice vary widely based on factors such as services offered, credentials, experience, and geography. Some approximate rates and fee schedules for financial advisors are listed below.
Approximate rates and fee schedules:
Hourly rate: $100 - $250 per hour
Fee-only: $500 - $3,000 (depending on complexity)
Retainer fee: $2,000 - $10,000 per year (depending on complexity)
Percentage of Assets Under Management: 0.25% - 2.0% of entire portfolio
Fee-based: Variable fee plus commissions and/or percentage of assets under management