Assertion: advisor fee | /r/HasProperty | 1%
Facets:
value: for a particular portfolio size
type: OTHER
Source sentences:
text: The average financial advisor fee is 1%, but they're often charged on a sliding scale.
text: One of the biggest criticisms of the AUM business model is that when financial advisor fees are 1% (or some other percentage) of the portfolio, that the advisor will get paid twice as much money to manage a $2M portfolio than a $1M portfolio.
text: However, this means that the “typical financial advisor fee” of 1% is somewhat misleading, as while it may be true that the average financial advisory fee is 1% for a particular portfolio size, the fact that fees tend to decline as account balances grow (and may be higher for smaller accounts) means the commonly cited 1% fee fails to convey the true sense of the typical graduated fee schedule of a financial advisor.