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Financial advisor.....? |
does anyone know approximately whats the average percentage a financial advisor will take as his fee and commission when setting up something like a private pension fund for someone? I am not a financial advisor but I have my IRA/pension managed by Fidelity, and I've also talked to different financial advisors before I took my early retirement from where I worked. These companies charge between 1%-1.5%, and I think some charge at least 2%. I went to Fidelity and they're charging me 1%, and the more money you have with them the less you pay, they give discount on fees. I did not pay a set up fee. And they charge me fee quarterly. If you decide on a financial planner, first of all go to the ones who are FEE only. Commission ones will have a tendency to serve their own interests. That's a biggie. ok? How many Financial Advisors does it take to screw in a lightbulb? |
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