I've been thinking about hiring a financial advisor to help manage my investments and long-term financial planning. I've gathered that their fees can vary quite a bit, but I'm trying to get a better understanding of what the average cost might be on a yearly basis.
Could anyone share their experiences or insights into how much I should expect to pay annually for a financial advisor? Are there particular fee structures that are more cost-effective than others, like flat fees compared to those based on a percentage of assets managed? Additionally, does the experience or reputation of the advisor significantly affect the cost?
Any advice on how to budget for this and ensure that I'm getting good value for the money would be greatly appreciated!
