Fees charged to manage IRA accounts can vary, but a fee-only adviser should only charge 1 to 1.5 percent of the total account, explains Charles Sizemore for Investor Place. In addition, an IRA adviser who sells commissionable products such as certain mutual funds should not charge any fees at all.
A self-directed IRA, in which the customer manages his own account, should also not charge any management fees, according to Sizemore. However, trading commissions are still due when buying or selling stocks or mutual funds. Reinvesting dividends automatically can help save on commission charges. If an IRA adviser refuses to explain his fees and commissions, Sizemore recommends firing him.