AboutJohn D Smith, CFP Expertise I can answer detailed questions regarding mutual fund investing, retirement planning, education planning and related financial planning/investment issues. I have a B.S. degree in Financial Planning & Counseling. I am also a Certified Financial Planner (CFP) and have performed fee only investment management and financial planning services for the past 11 years.
Expert: John D Smith, CFP Date: 5/9/2008 Subject: Fee Schedules for RIA's
Question Hello John,
Is there a standard fee structure for RIA to use for their clients and services?
Answer There is no "standard" since different advisors offer different services. A typical fee structure ranges from 1% - 1.25% max fee for investment and financial planning services, however, this can vary. Also, many time fees will decline as the assets under management get larger and reach certain levels. One word of caution; when comparing fees, make sure you are comparing apples to apples and feel confident that you are getting the same level of expertise and service offering when comparing costs. I hope this helps.
