Is Paying a Financial Advisor 1% Too Much? (What You’re Missing)
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Is Paying a Financial Advisor 1% Too Much? (What You’re Missing)
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Narrated by:
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Summary
Is paying a financial advisor 1% too much?
It’s one of the most common questions people ask before hiring an advisor—and one they often revisit after they start paying the fee.
In this episode, Dr. Preston Cherry breaks down:
- What a 1% AUM fee actually costs over time
- Why fees increase automatically as portfolios grow
- Where mistrust in financial advice comes from
- The differences between AUM, flat fee, fee-only, and advice-only models
- What fiduciary really means in practice
- Why more people are moving away from the 1% model
This isn’t just about cost.
It’s about whether your fee structure is working for you or against you over time, and what that means for your long-term financial outcomes.
Explore more:
Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/
Financial Harmony™ Membership
https://www.concurrentfp.com/financial-harmony-membership/
Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry
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