News | 08.11.21
Say Goodbye to the 1 Percent Investment Advisor Fee
Even as commissions on mutual funds and trading fees have dropped in recent years, the fees that registered investment advisors charge on portfolio balances have edged up. The average investor with $750,000 paid 1.04 percent of invested assets in fees in 2020, up from 1.02 percent in 2015, according to Cerulli Associates. An investor with $10 million paid 0.62 percent, up from 0.54 percent. As a result, investors are seeking alternatives to traditional financial advisors who charge a certain percentage of assets under management.
Read the full article on Wall Street Journal.