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Senior Financial Services |
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Cost of Brokers vs. Advisors
Hypothetically, if $200,000 is invested for 20 years with a 6% return
Balance in brokerage account with 25% account traded annually at 6% commission
$690,580.16 - Growth to your account
Just a 2% increase with 1% annual management fee with a Registered Investment Advisor (Remember: Management fees are deductible as a miscellaneous itemized deduction to the extent that it exceeds 2% of your adjusted gross income):
$910,725.24
Difference of: $220,145.08
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