Q:

What are the typical financial advisor fees?

A:

Quick Answer

Financial advisor fees vary greatly based on services and fee structures. Advisor fee structures come in three forms: hourly fees, fees based on investment gains, or a combination fees and commissions based on account transactions, which often range from several hundred to several thousand dollars per year.

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Full Answer

Advisors who charge by the hour generally do so at a steep rate, much like attorneys. These individuals generally provide financial assistance and advice, offering recommendations about investment options, estate planning and asset protection. Advisors who charge based on investment gains are more likely to serve as asset managers, working to grow savings in a mutually beneficial environment based on a client's chosen investment strategy. Generally, these professionals focus on long-term investment growth for high-income individuals with large portfolios. Those who charge on a combination of account transaction commissions and fees are generally aggressive money managers, placing regular trades and focusing on short-term strategies.

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