Estimate what you'll pay a financial advisor based on your assets and preferences.
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Your Details
$500K
$100K$10M+
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Frequently Asked Questions
How much does a financial advisor cost?
Most fee-only advisors charge 0.5%–1.25% of assets under management annually. For a $500K portfolio, expect $2,500–$6,250/year. Fee-based advisors may charge more due to additional commission revenue. Some advisors charge flat fees ($1,000–$7,500) or hourly rates ($150–$400).
What's the difference between fee-only and fee-based?
Fee-only advisors earn money solely from client fees — no commissions from product sales. Fee-based advisors may earn both fees and commissions, creating potential conflicts of interest. The distinction matters because it affects whose interests the advisor prioritizes.
Are cheaper advisors worse?
Not necessarily. Fees depend on the advisor's model, the complexity of your situation, and your portfolio size. Robo-advisors charge 0.25%–0.50% but offer limited personalization. A good human advisor can add significant value through tax optimization, behavioral coaching, and comprehensive planning.
When is a financial advisor worth the cost?
An advisor is most valuable during major life transitions (retirement, inheritance, business sale), when you need tax-efficient strategies, or when your financial situation is complex. Studies suggest good advisors can add 1.5%–3% in annual value through tax management, asset allocation, and behavioral coaching.