From Yahoo Finance: 2025-03-23 08:30:00

Financial advisors charge varying fees for their services, with percentages of assets under management (AUM) being the most common. A 1% fee is average, but the value depends on the advisor’s skill and services. Hourly, fixed, and commission-based fees are other structures. Robo-advisors offer lower fees and fewer services. Discounts can apply for larger portfolios.

When considering advisor fees, it’s crucial to evaluate the services provided and the performance. A 1% fee can add up, so ensure you are getting value for your money. Financial advisors offer a range of services, from portfolio management to financial planning. Using tools like SmartAsset’s free tool can help find a suitable advisor who meets your needs.

Emergency funds are essential for unexpected expenses, best kept in a liquid account. SmartAsset offers tools for both clients and advisors to connect, manage leads, and provide marketing automation solutions. Comparing savings accounts from different banks can help maximize your emergency fund.



Read more at Yahoo Finance: With $1.7M Invested, Am I Overpaying My Advisor’s 1% Fee?