Reply to Reasonable Fee Rate for Assets Under Management

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We've been working with an advisor for about 5 years. During that time, our portfolio has grown from $2M to $5.2M due to performance and some additional investments made from our money market account.

At what point should we expect a rate adjustment based on investments? We are currently paying .5%. Please, I am not looking for advice on whether or not to use an advisor...just whether a rate adjustment is warranted, or if we are already paying a reasonable rate for that level of assets under management.

Thank you in advance.[/quote]

OP here. I probably should have added that the advisor provides the following services:

Retirement planning
Tax planning
Holistic management of portfolio considering other assets not under his management (401K, deferred comp, money market)
Assistance with estate planning
Miscellaneous
[/quote]

OP, can you be more specific on what retirement planning, holistic management of your portfolio, tax planning, asst with estate planning, etc your advisor does?[/quote]

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