Q:

What are typical wealth management fees?

A:

Quick Answer

The typical fees for most management services are around 1 percent per year, as stated by the Charles Schwab company. The individual or additional fees that companies add for additional services can vary from between .12 percent to around 2 percent.

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Full Answer

Customers who have higher management or investment fee rates can try to negotiate this down, according to Bloomberg Business, but that may not be an option for a investors. While 1 percent might not seem like very much if someone is investing large amounts into their portfolio, but over the years, it can add up to thousands of dollars. The more someone invests the higher the end amount of fees cost them by the time they remove the funds, in some cases all the way up to 15 percent of the total investment over the years.

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