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How Much Is Your Financial Adviser Charging?

Thread in 'Finance / Investing' started by Flatblack79, Feb 14, 2020.

  1. Flatblack79

    Flatblack79 Frontiersman

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    Yes i know you get what you pay for but it doesnt hurt to know.

    1.2% Annual based on total assets managed billed quarterly here.
     
  2. atljetmech

    atljetmech The Hen that laid the Golden Legos Supporter

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    My financial advisor said i have enough to retire any day I choose to....for approximately 4 months
     
    ReallyCoolDude and Hayata like this.
  3. teearr

    teearr ODT Junkie! Supporter

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    I don't have a financial advisor - I haven't been able to find one that will link his compensation to the state of my account :mmph:. They don't seem to have enough confidence in the saying "make me rich and I'll make you rich". Wonder why?
     
    jeep78 and StuP like this.
  4. StuP

    StuP The Hen that laid the Golden Legos Supporter

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    Markets go up and down, beach house payments are forever ?
     
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  5. TV-TD

    TV-TD Hunter

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    1% when they actively held and managed my accounts, now it's discounted to about 0.4% (and shrinking as my assets grow) when I took control of my accounts and use them in a purely advisory role.
     
    Flatblack79 likes this.
  6. ReallyCoolDude

    ReallyCoolDude ODT Junkie! Supporter

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    Livin the dream!
     
  7. Trailrider

    Trailrider The Hen that laid the Golden Legos Supporter

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    But what a fun 4 months those would be!
     
  8. Tylerls1

    Tylerls1 The Hen that laid the Golden Legos Supporter

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    Do it yourself and save the 1-1.5%
     
  9. Omega

    Omega The Hen that laid the Golden Legos

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    That is a compounding 1.5 in my eyes. I dont pay an advisor anything. Paid my etrade dues
     
  10. harrycalahan

    harrycalahan The Hen that laid the Golden Legos

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    Dads always been my adviser for finances, along with all the other topics in life. Hasn't steered me wrong yet.