re: How much should I pay a fund manager?

LSU: Here is the jest of what others are saying. In most cases bank advisors are young and very new to the business. They SELL you what they are told to SELL you. Once they build a decent book of business that will walk with them ,they switch to another firm that offers higher payouts. The turnover rate of bank advisors are very high. There are certainly some exceptions to his, but this is what I have seen.