Is an hourly fee financial advisor right for You?

Are you wondering if an hourly fee financial advisor is right for you? A growing number of financial advisors work on an hourly basis, with prices ranging from $150 to $400+ per hour. These prices do not change based on your total assets managed, so you’re only paying for the time you need with the advisor.

How does an hourly financial advisor work?

Each additional hour would then be billed at the normal hourly rate. Some hourly financial advisors will give you full-service management of your investment portfolio (there may be additional fees for this), while others will only bill for 1:1 time and leave the money management and investing up to you (based on their guidance).

How much does a financial advisor cost?

A fee-only financial advisor's costs can range greatly, depending on their expertise and years of experience, their region, and the services they offer. A retainer fee can range between $6,000 and $10,000 annually, a fixed annual fee between $1,000 and $3,000, an hourly fee between $120 and $300, and between 0.5% and 2% of assets under management.