If You Have This Much Money, Hiring a Financial Advisor Leads to Much More Happiness
The most common fee-only financial advisor structure is to charge a percentage of the assets under management, commonly referred to as AUM. In this case, advisors deduct their fee from your account, usually on a quarterly or monthly basis, based on your account balance. If you have $1 million with an advisor charging 1% of AUM, you’d pay $10,000 per year in fees, or $2,500 each quarter.
With a cohort-based model, CFAN advisors practice stronger collaboration and share knowledge and expertise from different perspectives. This model could also potentially assist the Pacific in implementing more regional projects. These two components … Read more