I Have $2.2 Million Invested and Pay a 1% Advisor Fee. Is That Too High?
I Have $2.2 Million Invested and Pay a 1% Advisor Fee. Is That Too High? Eric Reed Fri, August 7, 2026 at 12:00 AM PDT 7 min read SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. When it comes to advisor fees , there are two numbers to keep in mind: 1% and 0.02%. The first is the average fee that financial advisors tend to charge. If you are looking for comprehensive financial management, in general you should expect to pay about 1%. The second is a representative fee for a well-indexed S&P 500 fund. If you are only looking for investment management, someone to grow your portfolio, this is the number they need to compete with. Here, let's assume you have $2.2 million in assets. Your financial advisor manages all of that and charges a fee of 1%. That might be a good, albeit not great, price depending on what you are looking for. If you're interested in exploring how a financial advisor can help you, you can speak to a fiduc...
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