If you do not know you should find out. How a planner is compensated
can have a significant impact on the quality of the advice you receive.

--
_Bill_

Flycaster wrote:

- quote -

Flycaster wrote:

- quote -

good. And, as far as I know, he is not getting commissions.

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Do you pay this annually or quarterly?


"Flycaster" <adam999forgetit[at]adelphia.net> wrote in message
news:PaadnV0UNJXvVMffRVn-3g[at]adelphia.com...
- quote -

In article <PaadnV0UNJXvVMffRVn-3g[at]adelphia.com> ,
Flycaster <adam999forgetit[at]adelphia.net> wrote:

- quote -

1% a year is pretty common. If you are paying 0.035% a year, you
are getting a great bargin in comparison. That is assuming that
the advice is any good, and there are no other hidden fees.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

Is your planner a fee only planner?

The rates I have seen recently for fee only planners are typically 0.5%
to 1% per year. However, many planners offer lower rates on larger
portfolios so if the amount under management is several million dollars
the rate may be reasonable.

If you are using a fee based planner you are almost certainly paying a
lot more than you think because your planner is getting commissions on
the investments he recommends.

--
_Bill_

Flycaster wrote:

- quote -

Just wanted to clarify the subject.

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In article <PaadnV0UNJXvVMffRVn-3g[at]adelphia.com> ,
Flycaster <adam999forgetit[at]adelphia.net> wrote:

I would worry that the rate is possibly too low. He is charging you $35
for every $100,000 he manages. I would guess that his time is worth
$100/hour or he should change business. This means that he is not
giving you much attention. Shop around. You will probably find most
CPFs charge around 1%.

Dick


- quote -

I have been using a cpf for the last 6 years. He has upped his rates to
0.035% of the monies he manages; to be based on an average of every 2
quarters. Is this a reasonable rate to pay?
Adam

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