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Posted on 3/17/25 at 8:38 am to FortunateSon
quote:And that's on top of the fees charged by the funds you have, correct?
The first thing that you need to understand is their fee structure. Many financial advisors use an "Assets under Management" (AUM) or "Assets under Advisement" (AUA) model. These advisors charge you based on the value of your portfolio - usually around 1%. So a $1M portfolio means a $10k annual bill
What's the usual flat fee rate? What if I just want to meet with the planner a few times a year and have them tell me how to set up different accounts and when to draw from which?
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