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Most also charge a fee based on assets under management. Regardless of performance. So if you have $50m in invested assets, they will charge you (0.)x% on that

Most also charge a fee based on assets under management. Regardless of performance. So if you have $50m in invested assets, they will charge you (0.)x% on that in a good year (the ones where you make 20-30% in the stock market) and in a bad year (the ones where you lose 20%).

delazeur 11y ago
The key phrase here is "fee-only advisor."
- benmanns 11y ago
  Fee-only advisors still charge fees for assets under management. It's just that they don't get paid commissions for selling you products. What it seems you're looking for is to pay hourly fees only.