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Fee Only Financial Advisors

POSTED Thu, 09/10/2009 - 13:04 | POSTED BY Anonymous

The Garrett Network is interesting--thanks for publishing.

Isn't it possible, though, that a fee-only financial advisor might have a bias towards asset management services since this has the potential to be such a large part of a fee-only retainer?

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tom wrote on Thu, 09/10/2009 - 15:42:

I suppose it is possible that there is some bias towards gathering assets and keeping those assets in fee-generating form (i.e. non-annuitized form).

Fees on assets under management (AUM) likely provide more attractive economics than hourly fees.

This would especially be the case if the fees scale with the level of assets. In other words, 50 basis points on $1.5 million is obviously much more attractive than 50 basis points on $300,000.

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