What are reasonable investment fees?

What is a good investment fee?

High and Low Ratios

A good expense ratio, from the investor’s viewpoint, is around 0.5% to 0.75% for an actively managed portfolio. An expense ratio greater than 1.5% is considered high.

Is it worth paying a financial advisor 1 %?

Most advisers handling portfolios worth less than $1 million charge between 1% and 2% of assets under management, Veres found. That may be a reasonable amount, if clients are getting plenty of financial planning services. But some charge more than 2%, and a handful charge in excess of 4%.

Are investment fees negotiable?

But you don’t necessarily have to move your investments to a new broker to lower your investment fees. Many fees are negotiable, and if negotiation doesn’t work you may be able to lower your fees by taking a more passive investment strategy.

What is a reasonable fee to pay a financial advisor?

How much does a financial adviser cost? The cost of seeing a financial planner can range from $2,500 to $3,500 to set up a plan, and then about $3,000 to $3,500 annually if you have an ongoing relationship with the planner, according to the Financial Planning Association (FPA).

What investment firm has lowest fees?

Fidelity, Schwab and Vanguard each have specific qualities that appeal to investors, which I’ll discuss shortly. But they’re the best overall because they charge minimal fees, including $0 commissions on stocks, exchange-traded funds (ETFs) and options.

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What does the average financial advisor charge?

According to recent research by Investment Trends, the amount the average adviser charged their most recent client for full financial advice was $2,700 up front (where the average new client had $770,000 in assets).

What percentage does Edward Jones charge?

Edward Jones Review – High Fees, Poor Reviews

Edward Jones Details
Trade Transaction Fee $4.95
Trade Commissions Up to 2.50%
Management Fee 0.50% to 1.35%
Account Type Roth, Traditional, SEP, SIMPLE, 529, Taxable

Can a financial advisor steal your money?

If your financial advisor outright stole money from your account, this is theft. … Even if your financial advisor made the recommendation, under federal securities law and FINRA regulations, you cannot hold your advisor liable simply because they lost you money.

What return should I expect from a financial advisor?

Industry studies estimate that professional financial advice can add between 1.5% and 4% to portfolio returns over the long term, depending on the time period and how returns are calculated. A one-on-one relationship with an advisor is not just about money management.