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I am one of those people that have less than $57,000 in Wealthfront. I just checked and I paid $.11 in August for advisory fees. I wonder when it becomes worth
by willio58 4y ago
I am one of those people that have less than $57,000 in Wealthfront. I just checked and I paid $.11 in August for advisory fees. I wonder when it becomes worth it to pay someone $500 like you mentioned, if I’m only paying a couple dollars per year in advisory fees.
- sb8244 4y agoIt becomes worth it if you want someone to tell you things you don't know. For example, auditing your retirement contributions, cash flow, planning for future cash flow, etc. It can be really comforting to have someone that knows the landscape give you advice or confirmation. For actual investments, I am basically bought into the "bogleheads" methodology. So, I don't think it's worth it to pay for an advisor. BTW, Wealthfront minimum fee is 0.25% annually. I only say this because if you have more than 500$ in WF then your fee should be higher than $.11
- deleted 4y ago[deleted]
- prepend 4y agoIt seems like GP has about $528. I wouldnt want to pay a fee only advisor but this is actually cheaper than vanguard or fidelity until you get $2k or something.