Advisor fees matter because they compound too.
The difference between 1.00% and 0.60% is $4,000 per year per $1M before fund expenses, tax drag, and implementation differences.
Fee models to compare
- AUM: percentage of managed assets, often tiered down as assets rise.
- Flat fee: fixed annual planning and investment fee, often attractive for larger portfolios.
- Hourly/project: best for limited-scope second opinions, not ongoing coordination.
- Product compensation: commissions, markups, proprietary funds, or revenue sharing.
Ask for all-in cost: advisory fee plus fund expense ratios, platform fees, SMA costs, and any product compensation.
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