Reply to Fee-based financial advisor for retirement years

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[quote=Anonymous][quote=Anonymous]I think fee-based (percentage of assets under management) is preferable to commission-based. You don't want your advisor "churning" your account when they have a big vacation to pay for or whatever . . . fee based removes the motivation to steer you towards high-commission products or to recommend buying/selling when you don't really need to. I just don't think it's realistic that many people with all the skills and qualifications of a good financial advisor (CFP, MBA, etc.) will be charging you, like, $500 to manage your assets for a whole year when they could be making SO much more money the traditional way. This is one of those things where, if you have a highly regarded financial advisor, you get what you pay for.[/quote]
You're conflating a lot of what a financial advisor does and how they charge and what people are looking for.
 
Some advisors charge for a one-time overview of your portfolio, for up to about $5,000. What pps here seem to be looking for is a continuing, retainer-based, advisory. But a flat-fee and no managed funds. I'd pay up to $1,000 a month for such a retainer. I want advice, I'll manage my own portfolio.  But you are right that apparently this is too much to ask in this market. [/quote]

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