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?
Price is what you pay and value is what you get. If you are asking us this question, you may feel you are not getting the value of paying $10,000 a year for an advisor. As others mentioned, advisors today should be more in tune with the 7 financial pillars and building out a full financial blueprint for you and your family. As a Florida based advisor, that is exactly what our firm does here.
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