HOW MUCH DO FINANCIAL ADVISORS CHARGE? (IT’S ALL OVER THE PLACE) | Are you thinking of hiring a financial advisor, but have no clue how much it will cost? In this video, I share 5 main ways financial advisors charge, the upsides and the downsides of each fee structure, who it’s best for, and the average costs.
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0:00 How much does a financial advisor cost?
0:35 AUM
2:59 Flat fee
4:57 Commission
6:44 Feebased
8:53 Hourly
**RECOMMENDED READING LIST**
The OnePage Financial Plan by Carl Richards (easy read, holistic + fun graphics!) https://amzn.to/35NH54Z
Simple, Smart Investing by Ian Kennedy (can help you construct your investment portfolio)
https://amzn.to/32GRJbJ
A Random Walk Down Wall Street by Burton G. Malkiel (classic book that sold me on index funds) https://amzn.to/2H7pbzS
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Website: https://districtcapitalmanagement.com/
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● WHO AM I?
Alvin Carlos is a CFP® professional and CFA® charterholder. His team helps professionals in their 30s and 40s to be smarter with their money. They help them optimize their investments, lower taxes, pay off debt, and have peace of mind.
● DISCLAIMERS
This content is for education and entertainment purposes only. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
If we respond to questions, it's only for educational purposes & not considered as advice.
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