Getting the Right Financial Advice For Your Family
Getting financial advice for your family can be difficult and confusing, especially with so many options available. Whether you're trying to find a fee-based advisor, a robot-advisor, or someone with a credential, you need to know what to look for before choosing. Fee-based Advisors Developing a fee structure for your financial advice practice is no easy feat. There are several important decisions that need to be made, from how much to charge to how often. Some advisors charge a flat fee for all their services while others charge based on the value of their advice. The average fee for advice is about 1% to 3% of the client's assets. However, this fee may vary based on the client's financial goals and ability to pay. While a flat fee makes sense…