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Paying for a Financial Adviser

Use this link to read full Consumers Digest article featuring comments by Michael Alexenko

http://www.consumersdigest.com/sub/how-to-find-the-right-financial-adviser-the-keys-to-success/1

 

The other type of fee is a percentage of the assets that the financial adviser will take to manage a portfolio. According to financial advisers whom we interviewed, typical asset-management fees can vary. Michael Alexenko, who is a chartered financial analyst at Royal Asset Managers, says 0.75 percent to 1.25 percent is the typical range for asset management, plus trading costs that are passed along to the investor.