Reply to Reasonable Fee Rate for Assets Under Management

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[quote=Anonymous][quote=Anonymous].5% is very very competitive for an AUM under 10 Million; to the point where I would be looking at the fees for the products they have you in with a fine tooth comb.

I wouldn't expect any fee decreases without bringing 2-3x more to the table.  Even then I'm going to be looking at how long we have been working together and how easy/hard you are to work with.  Keep in mind I'm getting ~.3% for $50+ Million from institutional investor that I have to do zero for outside of send statements and tax documents yearly.                 [/quote]

And this post describes exactly why I don't use a financial advisor. $150K+ that this PP does "zero for". What a racket if you can get it. And I guarantee I have better returns than this person doing all of this myself.  And using AI with specific knowledgeable prompts can provide the other services.

On that note, 0.5% is about average for the FA industry for those amount assets. But seriously consider doing it yourself. You're getting ripped off.[/quote]

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