Financial Advisor Cost FAQs What is the average cost of a financial advisor? The average cost of working with a financial advisor is 0.5% to 2.0% of the assets they manage, $200 to $400 hourly consultation, a flat fee of $1,000 to $3,000 for a one-time service, a 3% to 6% commission fee on the products that they sell. What are the additional financial advisor costs? In addition to the average cost of working with a financial advisor, additional costs may be associated with their services. These can include performance-based fees, account set-up fees, annual maintenance fees, research and analysis fees, and other miscellaneous or management fees. It is essential to understand all the costs of hiring a financial advisor before making a decision. How do you ensure that a financial advisor's cost is fair? It is helpful to compare fees and services offered by different advisors to make an informed decision. Negotiating with your potential advisor can also minimize the costs associated with their services in the long run. Additionally, researching any promotions or discounts available can be a great way to save money. How are financial advisors paid? Financial advisors' most common fee structures are AUM percentage, hourly rates, flat fees, and commission-based. It is helpful to understand what type of fee structure your advisor uses so you can be sure that their services align with the cost. How much do Robo-Advisors charge? Robo-advisors typically charge a lower fee than traditional financial advisors. They usually charge between 0.25% and 0.50% of assets under management. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.