The average fee for a financial advisor’s services is 1.02% of assets under management (AUM) annually for an account of $1 million. An actively-managed portfolio usually involves a team of investment professionals buying and selling holdings–leading to higher fees.
Additionally, how much does Fidelity Wealth Management cost?
Gross advisory fee applicable to accounts managed through Fidelity® Strategic Disciplines ranges from 0.20% to 0.49% and gross advisory fee applicable to accounts managed through Fidelity®Wealth Services ranges from 0.50%–1.04%, in each case based on a minimum investment of $2 million.
One may also ask, which bank has the best wealth management?
Bank of America Corp.
|NUMBER OF ADVISORS|
|1||Bank of America Corp.||18,688|
|2||JPMorgan Chase & Co.||2,504|
|3||Wells Fargo & Co.||15,000|
|4||PNC Financial Services Group||2,757|
What is considered high-net-worth?
A high–net–worth individual is a person who owns liquid assets valued at $1 million or more.