If you are considering investment planning, then you know it can be difficult to find the right adviser to help you achieve your goals in life.

We understand, and we’re here to help guide you through the process.

Talk to the professionals at Womack Investment Advisers today to get your investment planning started on the right track.

How Much Does an Investment Adviser Charge?

It’s no secret that an investment adviser can improve your financial wellbeing, setting you up for success in a fast-paced world. (1) Still, even when you’re looking for someone to help manage your money, it pays to be aware of their fee structures and shop around for what makes the most sense for your circumstances.

“[Investment advisors are] a partner to help you navigate complex financial situations, answer questions as they come up and may provide continuous comprehensive financial planning.”

 Forbes.com

Investment advisers may charge different rates based on their expertise, location, the amount of money they are managing, and baseline fee structure:

Fee Type

This is the most common type of fee for an investment adviser is fee-based commissions which are paid based on the amount of investments you make through their advice. Most commonly, investment advisers make anywhere from 1-3% of your total investment.

Hourly Fee

An hourly fee may make sense for some individuals, as you are paying for the investment adviser’s time to manage your portfolio and investment funds, rather than a percentage based on how much you invest. Hourly fees are typically based around the same rates you can expect in the financial industry local to their office.

Per-Plan Fee

A per-plan fee is a fixed rate based on the scope of the project they are working on with you. If you have a large investment with goals to grow aggressively, this rate may be much higher than a small investment with bite-sized goals.

What is a Reasonable Fee for Investment Adviser?

A reasonable fee to pay an investment adviser greatly depends on your current financial health and what your goals are. Depending on the services rendered, the fee may be higher for more complex services, while simple and small services can accrue a much smaller fee.

While not every financial adviser offers the same set services, and other factors may contribute to differences in fees, most financial advisers charge anywhere from 0.50% of your assets to up to 2% for money management services.

There is no wrong time to start planning for the future. Womack Advisers is your top family-owned investment adviser firm based in Edmond, OK and serving surrounding regions.

We have helped families and individuals alike create a better and healthier financial future for over 30 years and counting.

Ready to get started? Give us a call today to make an appointment and learn how our investment advisers can help you take the next step to a richer life.

References:

       1.     Forbes.com, Do You Need an Investment Advisor? Ask Yourself These 5 Questions, https://www.forbes.com/sites/lizfrazierpeck/2017/08/02/do-you-need-an-investment-advisor-ask-yourself-these-5-questions/?sh=67cf8e925b83

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