The most common way financial advisors charge is a percentage of the assets they manage for you, known as an assets-under-management or AUM fee. The typical figure is right around 1 percent per year, with a median close to 1.02 percent, and fees generally range from about 0.5 percent to 2 percent. Many advisors use tiered schedules, so the percentage drops as your portfolio grows; balances above 1 million to 2 million dollars often pay closer to 0.75 percent, and very large portfolios can pay 0.5 percent or less. Advisors also use other models. Flat fees for a comprehensive financial plan commonly run from about 1,000 to 3,000 dollars, ongoing flat-fee or retainer arrangements can range into the thousands per year, and hourly rates typically fall between 200 and 400 dollars. Robo-advisors are cheaper, usually charging 0.25 percent to 0.50 percent, but offer less personalised advice. When comparing advisors, it helps to ask whether the quoted fee covers only investment management or also financial planning, tax guidance, and other services, since that affects the real value.