Quote:
Originally Posted by askcarl
To pay 40 to 60K a year at a 1% fee is a $4-6Million portfolio. I'll not cry for anyone in that horrible position this late in life.
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This is probably not the right place to post such information. In terms of paying a 1% fee, I would check. If, an advisor is charging you 1% of your portfolio to put you into funds and etfs, it is on top of the management fee for the fund or the ETF. Some of the brokerages offer lower fees for the same fund if you have a larger balance. Vanguard makes it public and calls it Admiralty shares.
Fidelity offers the same exact funds with a different code on which a lower fee is charged they are offered to 401k plans.