Skip navigation

Fees for fee-based planning

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 19, 2006 9:57 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 10:44 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 20, 2006 1:40 am

[quote=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
[/quote]

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 4:52 am

Thanks, I appreciate the replies.





Franklin

Jul 20, 2006 12:52 pm

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 11:19 pm

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

Jul 24, 2006 3:23 am

[quote=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.

[/quote]

I know one advisor who actually charges eleventy kabillion basis points!
<!–
var SymRealOnLoad;
var SymReal;

Sym()
{
window.open = SymWinOpen;
if(SymReal != null)
SymReal();
}

SymOnLoad()
{
if(SymRealOnLoad != null)
SymRealOnLoad();
window.open = SymRealWinOpen;
SymReal = window.;
window. = Sym;
}

SymRealOnLoad = window.onload;
window.onload = SymOnLoad;

//–>

Jul 24, 2006 11:32 pm

[quote=iar_newb] What do entry-level advisers normally charge? Say, a Series 65 but no CFP yet?

[/quote]



You should just do it for FREE