![]() Cost: Digital or online financial planning services charge either an AUM fee (usually lower than a traditional financial advisor) or a flat annual fee, which varies depending on the level of financial advice you require.Some even go as far as offering a qualified financial planner to each client who works with you to create a complete financial plan and investment portfolio. Some online financial planners offer computer-automated investments and access to a team of financial advisors for further advice or guidance if needed. On average, an online financial planner will cost less than a traditional financial advisor making it a competitive choice. Unlike a traditional financial advisor who you will often meet face to face, an online financial advisor will meet you via video call, which might be more convenient compared to travelling to the city. Per-advice fee $1,000 – $3,000 Digital financial planningĭigital or online financial advisors operate online only and usually offer full-service financial advice and wealth management services. In the table below, you can estimate the annual cost of a financial planner based on each fee type.ĪUM (assets under management) 0.20% – 1.5% annually for a traditional advisor on the balance of the portfolio ![]() ![]() Most financial advisors today will charge a fee based on how much money they manage for you (AUM), and some financial advisors charge a fee for service. How much should I be paying for financial advice.Why the fee structure matters for financial advice. ![]()
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