How much is reasonable for a financial advisor? - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

MikeWaters · 07-31-2008, 02:46 PM

I guy I have worked with on a number of things is probably going to take up my stock portfolio (i.e. retirement accounts).

I pretty much trust him. I knew his brother in med school. I've known him now for several years.

With my small retirement fund, he had recommended I mainly invest in index funds.

But now he says my little pot of money is large enough to manage.

He says that historically he beats the S&P 500 by 2-3%. He would charge 1% per year for him and his employees to manage my accounts.

Is 1% a reasonable charge for a relatively high-maintenance management?

07-31-2008, 02:46 PM	#1
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	How much is reasonable for a financial advisor? I guy I have worked with on a number of things is probably going to take up my stock portfolio (i.e. retirement accounts). I pretty much trust him. I knew his brother in med school. I've known him now for several years. With my small retirement fund, he had recommended I mainly invest in index funds. But now he says my little pot of money is large enough to manage. He says that historically he beats the S&P 500 by 2-3%. He would charge 1% per year for him and his employees to manage my accounts. Is 1% a reasonable charge for a relatively high-maintenance management?