Is it worth paying a financial advisor?

While the typical annual financial advisor fee is thought to be 1%, according to a 2023 study by Advisory HQ, the average financial advisor fee is 0.59% to 1.18% per year. However, rates typically decrease the more money you invest. You might be wondering whether it’s worth paying a financial advisor, but that answer is very personal to you.

How much does a financial advisor cost?

A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don’t offer their advice for free. While the typical annual financial advisor fee is thought to be 1%, according to a 2023 study by Advisory HQ, the average financial advisor fee is 0.59% to 1.18% per year.

Who are the best financial advisors?

Her work has appeared in The New York Times, The Washington Post, MSN, Yahoo Finance, MarketWatch and others. Read more The best financial advisors include Zoe Financial, Vanguard Personal Advisor, Facet, Harness Wealth, Empower and Schwab Intelligent Portfolios Premium.