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Ask an Advisor: Which Is Better for the Management of My $5 Million Estate – An $8k Flat Fee or $35k Asset-Based Fee?

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Summary
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81% Informative

Ask an advisor: Which Is Better for the Management of My $5 Million Estate an $8k Flat Fee or $ 35k Asset-Based Fee? SmartAsset ’s free tool can match you with up to three fiduciary financial advisors.

Flat-fee vs. AUM fees are two of the most common advisor compensation structures.

A good question to ask is: “Can you describe how and when you make adjustments to our plan and portfolio (if directly managing your assets)? Ask yourself what level of accessibility you need and how much help you’ll need with respect to implementation.

Ultimately, the choice comes down to your personal priorities, which of course include fees.

Please note that Jeremy is not a participant in SmartAsset AMP, nor is he an employee of SmartAsset , and he has been compensated for this article. Some reader-submitted questions are edited for clarity or brevity. Photo credit: iStock.com/fizkes, iStock.com/hobo_018.

VR Score

77

Informative language

73

Neutral language

48

Article tone

informal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

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