Hiring a financial advisor can be a great move to help you achieve your financial goals and establish an investing strategy based upon your individual needs and circumstances.
Best For – If you want to avoid annual fees and don’t mind paying for financial products (as long as you understand them), you may consider a commission-based financial advisor.
Best For – If you don’t have a large balance of investable assets but still want access to a financial advisor, the subscription model may be a good fit.
Financial Advisors who Charge Subscription-Based Fees (Annual or Monthly)
Best For – If you have a good income, but don’t have a large balance of investable assets and still want access to a financial advisor, the percentage of income model may be a good solution.
Financial Advisors who Charge Based on a Percentage of Your Income
Best For – If you plan to establish a longer-term relationship with a financial advisor who charges you a fixed cost each year, a flat fee financial advisor may be an ideal solution for you. This is especially true if you plan to manage your own investments.
Best For – If you simply want access to a financial advisor to answer questions and help you build a financial plan, paying for an hourly-based financial advisor may be a good fit.
Best For – If you need help in a specific area and don’t want to fork over thousands for a comprehensive plan, consider paying a one-time fee for a specific planning session.
Financial Advisors who Charge a One-Time Fee (Modular Pricing)