Financial Advisor Fiduciary Fee Only Reveals Wealth Secrets
Cost Considerations and Value
While fiduciary fee-only advisors may initially seem more expensive than commission-based counterparts, the long-term value they provide often outweighs the cost. By avoiding commission-driven advice, you can potentially save on unnecessary fees and investments that do not align with your financial goals. According to a study by Vanguard, working with a financial advisor can add about 3% in net returns to your portfolio annually1.
The typical fee for a fiduciary fee-only advisor ranges from 0.5% to 1.5% of assets under management, depending on the complexity of your financial situation and the services provided2. This fee structure aligns the advisor's interests with yours, as their compensation grows with your portfolio.