Financial advisors charging 0.75% fee on $2M portfolios may not always be worth it

From Yahoo Finance: 2025-04-12 08:30:00

Financial advisors typically charge around 0.75% of assets under management (AUM), but this fee may not always reflect the value you receive. Evaluating your advisor involves assessing portfolio performance, communication practices, credentials, and overall fit. Fees are a significant factor, with 0.75% being a common rate for managing a $2 million portfolio. Performance should also be considered, along with the value of services beyond investment advice. Communication with your advisor is crucial, as is determining whether you are a good fit in terms of style and comfort. SmartAsset’s tool can help you find a suitable advisor.



Read more at Yahoo Finance: Is My Advisor’s 0.75% Fee on a $2M Portfolio Worth It?