Most advisors charge in only a couple of ways: Commissions, Fees-Commission and Fee-Only. But fee-only advice is based on an advisor billing you based on the value of your account, so as an example an account worth let's say, $355,000 might have a fee between 1.0% to 1.4% of assets. That would be a fee of between $3,550 and $4,970 per year and that fee will go up as your account goes up in value, whether the market value increases because the stock market does well or; because you add additional dollars.

At Barry Capital, our fee for the same account would be about $2,880 and our fee remains at the level whether your account goes up in value and no matter HOW it goes up in value.

Last updated on July 18, 2011 by Bob Barry