I am going to open an account with a financial advisor that charges me quarterly fees as a percentage of my assets under management. Assuming I transfer most of my assets, part of the fees are for a rollover IRA account; the remainder are for a regular taxable account. Both accounts invest in individual stocks, not funds, and the fees are for consulting and advisory.It appears from Publication 550, that these fees are deductible after 2% AGI threshold, yet I'm not really sure about the IRA account.Can anyone confirm. thanks.
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