What is the average wealth advisor fee?
The average fee charged by a professional wealth advisor or financial planner typically follows a tiered assets under management (AUM) structure, averaging around 1% annually for portfolios sized near USD 1 million, with percentage rates scaling slightly downward for larger multi-million dollar portfolios and upward for smaller accounts. Alternatively, some advisors charge fixed annual retainers, hourly consultation rates, or flat project fees depending on the scope of financial planning services provided.
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