The Question
Paying Advisor 1% to manage $1MPaying Advisor 1% to manage $1M
If I have $1m under mgt, should I pay a lower fee than 1% from a Florida-based advisor for advisory services?
It depends. If the relationship is solely investment management, then no. However if it is a more comprehensive financial planning/management relationship then 1% could be a bargain depending on how in-depth your advisor gets.
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