<When you tell a little old lady that all it costs is 1% a year>An AUM arrangement of 1% is high if all the person does is manage assets.However, for a little old lady, 1% could be great investment if she got:Estate planning adviceRetirement distribution planningCash flow management Tax planning adviceCollege planning optionsInsurance planning Mortgage planningHeck, keeping the LOL from buying an annuity is worth WAY more than 1%/year and a bunch of LOLs are sold annuities.1% can be too high-often it is - but for many people it can be a good investment.buzman-FYI-Does not charge AUM fees
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