How much do Financial Advisors charge?

Question:

Answer:
For those that are FA only - gather assets rather than manage money - their 'take' is generally 1% to 2%. But the full fee is higher because the Broker/Dealer and OSJ take their cut too. And that adds about a point. ... Some do it 'asset based' meaning there's a sliding scale for fees based on investable assets.
Some do charge more - a lot more. In my opinion, there's no reason to pay high fees.

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from 1% to 3%!

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