Fees for fee-based planning

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Jul 19, 2006 5:57 pm

For someone with a Series 65 who is a fee-based financial planner, what
are standard fees that are typically charged for customers?



I hear numbers from 1% - 2% of managed assets charged annually.  Is this the standard range?



Thanks,



Franklin

Jul 19, 2006 6:44 pm

I have seen them as low as .25% to as high as 2.5% most wirehouses charge 1-2%. Indy's 1% and below

Jul 19, 2006 9:40 pm
franklin999:

For someone with a Series 65 who is a fee-based financial planner, what are standard fees that are typically charged for customers?

I hear numbers from 1% - 2% of managed assets charged annually.  Is this the standard range?

Thanks,

Franklin


THe more you charge, the more business you will get. One caveat, though. You better do a better job than the typical lame knucklehead.

Jul 20, 2006 12:52 am

Thanks, I appreciate the replies.





Franklin

Jul 20, 2006 8:52 am

Most of the independents and RIAs that I have worked with in the past have charged different amounts on a sliding scale.  For example, a client with under $50k will pay maybe 1.5%, whereas a client with $500k may pay 75 bps.  Just depends on how you want to structure it, but most fall into the 1-2 range.

Jul 23, 2006 7:19 pm

What do entry-level advisers normally charge? Say, a Series 65 but no CFP yet?

Jul 23, 2006 11:23 pm
BrokerRecruit:

Most of the independents and RIAs that I have worked with in the past have charged different amounts on a sliding scale.  For example, a client with under $50k will pay maybe 1.5%, whereas a client with $500k may pay 75 bps.  Just depends on how you want to structure it, but most fall into the 1-2 range.



I know one advisor who actually charges eleventy kabillion basis points!

Jul 24, 2006 7:32 pm
iar_newb:

What do entry-level advisers normally charge? Say, a Series 65 but no CFP yet?





You should just do it for FREE