Finance Pricing: AUM Dominates

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many advisors layer AUM fees

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financial advisor charges

SmartAsset

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Business

Business & Economics

What's the Price of Financial Advice? Here's What You Can Expect

Summary

Nutrition label

84% Informative

Financial industry relies on four main billing models: - Assets Under Management (AUM) - Retainer Fees - Hourly Fees - Commission Fees - Commissions Fees.

Financial advisor services can include retirement planning, investment management, estate planning, tax planning and more.

Most financial advisors still use a mix of fee structures, billing clients differently for different services.

Financial advisors have four billing models: assets under management, hourly rates, retainers and commission.

For clients, it’s important to understand the fee structure for your financial advisor.

Decide on what you need, then look for an advisor who will charge you a fair price to deliver it.

SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions so you can spend more time making conversions. Learn more about SmartAsset AMP. Photo credit: iStock.com/Dobrila Vignjevic The post I’m Thinking of Using a Financial Advisor . How Much Would It Cost? appeared first on SmartReads by SmartAsset ..

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful