How Much Does a Financial Advisor Cost?

Dionna Poluch, CFP®
Aug 25
 min read · 
How much does a Finanical Advisor Cost

How much does a Finanical Advisor Cost

Table of Contents

If you are looking for a financial advisor to help you plan for the future, it is important to be aware of the various types of fee-structures and costs you may encounter. This will allow you to compare different types of advisors and find one whose fee structure aligns with your unique needs and financial goals.


Financial advisors who operate on a commission-based model earn their compensation through the sale of various financial products. These products could include stocks, bonds, mutual funds, insurance policies, and more. An advisor’s earnings can vary widely depending on the product they are selling. It is important to be aware that commission-based advisors are often incentivized to recommend and sell specific products. This arrangement can create a conflict of interest, as their compensation is tied to the products they sell, rather than solely to the best interest of their clients.


Performance-based fees reward financial professionals for positive returns on their investment recommendations. This means, if your investment performs well, the advisor may receive higher fees, whereas poor performance results in minimal or no fees. The fee structure may vary, but the idea is that an investment manager has an extra incentive to help their client achieve superior returns. 


Fee-based compensation allows a financial advisor to charge clients a combination of fees and commissions. For example, a Financial Advisor may charge a flat fee for their planning or advisory services, and a separate commission when clients purchase a specific product. If you are working with a fee-based advisor, be sure to have a thorough discussion about how they are compensated for each of the services they offer.


Fee-only compensation refers to a single or flat fee, typically a percentage of your assets, paid directly by the client to a financial professional for advice and services. This model provides a transparent and objective approach to financial advice, since advisors receive no extra commissions or kickbacks from selling certain products. Fee-only advisors often act as fiduciaries, meaning they have a legal and ethical obligation to act in your best interests. So, you can rest assured that your best interests are of top priority. Domain Money is a fee-only wealth management platform, for only $79/month. You’ll be individually matched with an expert advisor, who will help you navigate your unique financial situation. Sign up today for trustworthy financial guidance that puts you first.

Important Disclosures:
Domain Money Advisors, LLC is providing this information for informational purposes only. While Domain Money Advisors, LLC believes that the information contained herein is reliable and derived from reliable sources, it makes no representation, warranty or undertaking, stated or implied, as to the accuracy or completeness of the information. Domain Money Advisors, LLC, and its parent company, Domain Money, Inc., expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or allocations discussed. The information contained herein is not, and shall not constitute financial or investment advice, an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service.  No investment advisory relationship has been formed between Domain Money and the reader.  Investing comes with inherent risks and you should always invest within your means and risk tolerance.  Past performance is not an indication of future returns and you should always consult a financial advisor prior to making investment decisions. Please see important disclosures at

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