This Web site contains a compilation of more than a thousand consumer finance
columns written by Tony Novak from the 1980s through 2006, updated and reformatted for
maximum usefulness today. New material was added after
2010.
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Adviser fees
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If you notice an error or are in doubt, please send a new question by
email or ask for an update. Email asktony@tonynovak.com.
Q: How do your fees compare with
national averages for financial advisers?
A: My fee of $150 per hour is
slightly lower than the last published figure of $175 per hour as a
national average. For extended accounting services and training, my fee
of $75 per hour appears to be in line with other published figures of
$68 per hour (from data collected a few years ago).
It is important to note that no other fees are allowed in my service.
The surveys do not show the fact that some of the other advisers polled
are likely to also charge asset-based fees and may include advisers who
do not act in a fiduciary capacity.
Summary
More resources:
"Choosing a Financial Adviser"
