In other words, clients should expect to pay a maximum of $50,000 on a $10 million account. Online advisors have shown that a reasonable fee for money management only is about 0.25% to 0.30% of assets, so if you don’t want advice on anything else, that’s a reasonable fee, O’Donnell says.
One may also ask, how much do fee-only financial planners charge?
Generally speaking, fee–only financial planners will charge between $150 to $400 an hour and between $1,000 to $5,000 annually.
Subsequently, how do I find a fee-only certified financial planner? How to Find a Fee–Only Advisor
- The National Association of Personal Financial Advisors (NAPFA) is one of the largest professional organizations of fee-only financial advisors in the country. …
- The Garrett Planning Network is another organization of fee-only financial planners who mostly focus on providing hourly advice.
Thereof, are CFP fee-only?
A CFP® professional may represent his or her or the CFP Professional’s Firm’s compensation method as “Fee–Only” only if: The CFP professional and the CFP Professional’s Firm receive no Sales-Related Compensation; and.