How Much Do Financial Advisors Charge? (IT’S ALL OVER THE PLACE)

[@DistrictCapital]

Do you have any other questions about financial advisory fees?

[@iamkamiam]

This was great, thank you!

[@DistrictCapital]

I'm glad you found it helpful. Thanks for watching. Have a great day!

[@DistrictCapital]

Skip Ahead Here! 0:00 - How much does a financial advisor cost? 0:35 - AUM 2:59 - Flat fee 4:57 - Commission 6:44 - Fee-based 8:53 - Hourly

[@DMS20231]

I’m not sure why I’d want to hire an advisor, especially one who is managing my investments. The vast majority of actively managed mutual funds don’t consistently beat the market and those that do only do it by a percent or so. So I’m not sure how an advisor is going to beat just investing in cheap index funds. I can see paying someone a flat fee for comprehensive planning. Just not management.

[@edith-dara-m]

What if I just started working so have minimal money in my account? (Less than 20k). My financial advisor is charging 1.3% + manager fee (if applicable). Is that too much? I thought we had agreed to 1% so wondering if the .3% isn’t a big deal

[@ivetteflores3327]

If you charge a monthly flat rate commission that it could be between $200 and $800 a month, for how many years you will charge that amount? It is a type of contract?

[@DistrictCapital]

Thank you for your question. The exact price will be determined based on complexity, assets and income. While we prefer to work with clients who will stay with us over the long-haul, clients can cancel anytime after working with us for at least 12 months. There are no cancellation fees. Please let me know if you have any other questions.

[@Lourd-Bab]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@DistrictCapital]

I'm so happy to hear how well you are doing. Well done. Have a great week!