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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Jeremy Suschak, CFP®Tue, December 9, 2025 at 2:00 PM GMT+1 7 min read SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. My advisor charges a 2% fee for financial advice. He does not provide tax advice. My portfolio is currently worth around $850,000. Does this fee sound appropriate? – TimWithout knowing the full scope of services delivered by the advisor, 2% may be too expensive for a portfolio of your size and for a relationship in which tax advice is not provided. This immediate, high-level evaluation is based on benchmarks for typical advisory fees, which we’ll dive into shortly. To fully assess the suitability of any financial advisor’s fee, you’ll have to consider several important criteria: the advisor’s fiduciary status, how the advisor is compensated, as well as the level of customization and complexity that your situation requires. There are, of course, other criteria to look at when evaluating advisor fees, but these three tend to be the major drivers.If you’re looking to work with a financial advisor, SmartAsset’s matching tool can help you connect with up to three who serve your area. One of the first questions you should ask a prospective advisor – regardless of how important fees are to you – is whether he or she acts as a fiduciary. A meaningful difference exists among fiduciary financial advisors, financial planners, and brokers or other sales representatives. Financial advisors who act as fiduciaries are held to a legal standard requiring them to act exclusively in the client’s best interest. A financial planner might offer the same comprehensive planning services as a fiduciary advisor, but they might not legally act as a fiduciary. And while broker-dealers also must act in clients’ best interests, they’re not held to the fiduciary standard.While somewhat subtle on the surface, these distinctions can significantly impact your experience working with an advisor, the fees you pay and the appropriateness of those fees. These differences can be further muddied by unclear job titles – for example, a stockbroker might have the word “advisor” in his or her title. It is therefore always best to ask during the interview process whether the individual acts as a fiduciary.You can also look at other resources such as personal certifications and firm registrations. Certified financial planner (CFP®) professionals and registered investment advisors (RIAs) are two common indicators that an individual and firm are held to a fiduciary standard. (And if you need help finding a fiduciary advisor, this free matching tool can help you.)Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,886.68 +46.17 (+0.67%)Dow 3048,057.75 +497.46 (+1.05%)Nasdaq23,654.16 +77.67 (+0.33%)Russell 20002,562.00 +35.75 (+1.42%)VIX15.72 -1.21 (-7.14%)Gold4,261.60 +25.40 (+0.60%)Trending tickersGEV GE Vernova Inc. 722.80 +97.50 (+15.59%)BBGI Beasley Broadcast Group, Inc. 16.69 +12.64 (+312.10%)MSFT Microsoft Corporation 478.32 -13.70 (-2.78%)UBER Uber Technologies, Inc. 84.15 -4.92 (-5.52%)^IXIC NASDAQ Composite 23,654.16 +77.67 (+0.33%)PortfolioSign in to access your portfolioSign inTop gainersPLAB Photronics, Inc. 37.35 +11.66 (+45.39%)WRBY Warby Parker Inc. 29.60 +6.38 (+27.48%)BRZE Braze, Inc. 36.19 +5.54 (+18.08%)GEV GE Vernova Inc. 722.80 +97.50 (+15.59%)OLMA Olema Pharmaceuticals, Inc. 30.68 +4.10 (+15.43%)Top losersAVAV AeroVironment, Inc. 245.25 -36.17 (-12.85%)TMC TMC the metals company Inc. 6.85 -0.89 (-11.50%)DNLI Denali Therapeutics Inc. 17.57 -2.09 (-10.63%)ONDS Ondas Holdings Inc. 8.33 -0.90 (-9.80%)AEG Aegon Ltd. 7.21 -0.68 (-8.68%)Most activeNVDA NVIDIA Corporation 183.78 -1.19 (-0.64%)BBAI BigBear.ai Holdings, Inc. 6.61 -0.11 (-1.56%)PLUG Plug Power Inc. 2.2600 +0.0500 (+2.26%)WBD Warner Bros. 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