How much does it cost to have a financial advisor?

The cost of a financial advisor can vary widely depending on the advisor’s qualifications, the services they offer, and how they charge for those services. Some financial advisors charge a flat fee for their services, while others charge a percentage of assets under management. Some advisors charge hourly rates, and others charge a combination of these fees. On average, financial advisors charge between 1% and 2% of assets under management, but this can vary widely depending on the advisor and the services they provide. It’s important to understand the fee structure of a financial advisor before engaging with one.