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Can a investor with $100,000 net worth negotiate the 1.5% "asset under management" fee of a financial planner? |
Can a investor with $100,000 net worth negotiate the 1.5% "asset under management" fee of a financial planner? is that an advertisement? It depends who the financial planner is, but if the financial planner is with a big company probably not. No offense, but $100,000 net worth is really not a lot to most financial planners. It's possible that if you are young and have substantial anticipated earnings power in the future, you could negotiate. |
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