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No. of Recommendations: 6
I think any advisor who charges for AUM (assets under management) charges too much. Have a well off friend who interviewed an advisor who charged 1%. Doesn’t sound bad. She has 5M. Does anyone actually give advice worth $50,000 a year? Every year??

My brilliant nephew found a true fee-only guy who charges $300/month. No contract. Hired for a few months to get set up, answer tax questions, balance investments. Does not sell annuities or insurance. Does not have any assets under management, just tells you what to do with your account. I’m retiring soon and will probably hire him myself. Far cheaper than a AUM salesman for anyone with over $500K.
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