How Much Do You Pay for Financial Advice?

There was an interesting article in today’s WSJ about the impact of automation on the financial advice business.

Quick summary: automation is forcing costs down from the traditional 1% annual fee.

I expect we’ll see more advisors moving to the hourly structure from the asset-based fee structure.

My question to you is:

Do you use a financial advisor or planner? If so, how much do you pay? If you don’t know, ask your advisor.

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