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Old 08-22-2018, 08:14 PM   #1
gm
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Fees

So, I have some of my investments with a certified financial planner. It is all in different mutual funds, not trading specific stocks.

I'm getting charged 1.5% by the financial planner. Is that in the norm, or am I paying over market. BTW, performance in general has not been beating indexes funds per my company plan.
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Old 08-22-2018, 08:53 PM   #2
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1.5% to planner then another .5-1% for mutual funds management AND load fees (either front or back end....could be up to 5%). They add up fast! I quit that game many years ago and self direct my portfolio buying ETFs and/or growth/dividend stocks. Transfer 50K or better into Fidelity and you get 300 free trades for 3 years so your cost to trade is nada. Got over 20% return last year and this year is doing about the same so far.
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Old 08-22-2018, 09:15 PM   #3
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Quote:
Originally Posted by gm View Post
So, I have some of my investments with a certified financial planner. It is all in different mutual funds, not trading specific stocks.



I'm getting charged 1.5% by the financial planner. Is that in the norm, or am I paying over market. BTW, performance in general has not been beating indexes funds per my company plan.


1.5 is a little high. Should be closer to 1% with a cfp. You can do it yourself for a lot less, takes a lot of time and knowledge. You could always go to a passive investor, look at Personal Capitol or Bettermint. Both good outfits and are less than 1%.
Good luck.


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Old 08-26-2018, 01:35 AM   #4
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Quote:
Originally Posted by gm View Post
I'm getting charged 1.5% by the financial planner. Is that in the norm, or am I paying over market. BTW, performance in general has not been beating indexes funds per my company plan.

Way too much. About twice of the going rate find yourself someone else especially if he can’t beat the index.



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Old 08-26-2018, 09:15 AM   #5
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Fidelity is offering zero fee total return funds. In a month ZChase will be offering zero cost trades for up to 100 trades per year.
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Old 08-26-2018, 10:52 AM   #6
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Vanguard charges 0.3%.
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Old 08-28-2018, 12:43 AM   #7
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1.5% is pretty steep, other are significantly lower. Even if the financial planner is the best in the industry, the charges should not be that high.
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Old 11-28-2018, 02:13 PM   #8
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Fees

Quote:
Originally Posted by crabtrap View Post
1.5% to planner then another .5-1% for mutual funds management AND load fees (either front or back end....could be up to 5%). They add up fast! I quit that game many years ago and self direct my portfolio buying ETFs and/or growth/dividend stocks. Transfer 50K or better into Fidelity and you get 300 free trades for 3 years so your cost to trade is nada. Got over 20% return last year and this year is doing about the same so far.


If it is a fee based account, they are no load funds and usually institutional shares that carry lower expenses. There won’t be a commission and a fee charged.
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