Transform Wealth Financial Advisor Fiduciary Fee Only Magic
What to Expect in Terms of Costs
While the cost of hiring a fiduciary financial advisor can vary, it is typically structured as a percentage of assets under management (AUM), a flat annual fee, or hourly rates. According to industry standards, the average AUM fee is around 1%2. However, the specific rate can depend on the complexity of your financial situation and the level of service you require. It's important to have a clear understanding of these costs upfront, which can often be found by visiting websites of potential advisors or during initial consultations.