what does advisory fee
DEFINITION of 'Advisor Fee'. The fee that is paid to a financial advisor for recommending a load mutual fund based on the needs and time-frame of an investor.Fees differ according to the class of mutual fund shares, and are paid to the advisor for recommending a fund that suits an investor's time and goals.Depending on the share class, advisor's can either receive a one-time fee up-front or an annual fee as long as the investor holds the asset. Next Up.ees differ according to the class of mutual fund shares, and are paid to the advisor for recommending a fund that suits an investor's time and goals. Depending on the share class, advisor's can either receive a one-time fee up-front or an annual fee as long as the investor holds the asset. Next Up.