Average Cost of a Financial Advisor
A high-level overview of financial advisor fees and structure, including ours
Fee-Only Financial Advisor Fee Structure
Fee-only financial advisors typically use a fee structure in which as the assets under management increase, their fees decrease (or so they should).
It is possible, however, that as your assets grow, the financial advisor does not revisit the fee structure and adjusts as needed.
The associated fees with assets usually are not automatic. Meaning, that once you cross a threshold, the fee adjusts to reflect the new tier.
Instead, the assets need to be monitored and adjusted by the financial advisor and/or their team.
Average Financial Advisor Fees
According to a 2026 Envestnet MoneyGuide and Datos Insights study, the average bundled assets-under-management fee was approximately 0.96%.
However, financial advisory fees vary based on the amount invested, the services provided, and the complexity of the client’s financial situation. Many firms use a tiered fee schedule, meaning the percentage charged may decrease as assets under management increase.
Information current as of September 18, 2026. Advisory fees vary by firm, service model, account size, and client circumstances.
Sources: Envestnet Newsroom and SEC Investor.gov — Form ADV
How Does the Amount of Assets Managed Impact Fees?
Many financial advisory firms use tiered fee schedules, meaning the percentage charged may decrease as the amount of assets under management increases.
Financial Advisor Fees
FINRA's Investor Education Foundation conducted a survey researching what investors on average are paying.
From the survey, came some surprising information regarding how much or little people believe they are paying for investment services.
According to a 2021 FINRA Investor Education Foundation Survey:
- 60% believe they do not pay fees for investment advice
- Only 56% of investors believe they pay fees or commissions for trades
FINRA Investor Survey Financial Advisor Fee Breakdown
The survey suggests that it is unclear to investors what types of fees they pay for their non-retirement accounts.
While more than half of mutual fund owners report paying mutual fund fees or expenses (57%), almost a third (32%) appear to be unaware that they are paying these fees, and 10% do not know.
Among those who frequently discuss investment options with a professional, the majority (60%) say they do not pay fees for investment advice.
Furthermore, 14% of all respondents do not think that they pay any fees, and 17% do not know how much they pay in fees.
A plurality of all respondents (43%) feel they pay less than 1% annually in fees for their non-retirement accounts.
Among respondents who provided an estimate of their annual fees (including those who said “no fees” but excluding those who answered “don’t know”), the majority (60%) are confident that their estimate is correct.
We promise you, you are paying some sort of fee. Our industry can be quite complicated and frustrating when it comes to not only understanding the fees but the lack of transparency about fees.
This survey is the perfect example, highlighting the lack of awareness and transparency in the financial industry.
This is why we focus on transparency. We openly discuss our financial advisor fees, services, and set expectations so that you are completely aware of everything.
In order for us to serve you, we want to be part of a team, and to do so relies on communication and trust.
Get started today
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Schedule a Review of Your Financial Advisor Fees
Langan Financial Group's financial planning team has over 50 years of experience providing financial services.
Give us a call at 717-288-1880 or visit our financial advisor contact page to see how we can help your retirement plan, today.
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Financial Advisor Locations:
Camp Hill, PA Financial Planning Office
York, Pa Financial Planning Office
Harrisburg, PA Financial Planners
Communities Served:
Langan Financial Group, LLC ("Langan Financial Group" or "LFG") is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. LFG may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.
You can review our registration and disciplinary history on the SEC's Investment Adviser Public Disclosure (IAPD) website and, for brokerage registrations, on FINRA's BrokerCheck. This website is for general information only. It is not legal, accounting, or tax advice. Please talk with your own legal or tax professional about your situation. Important information about our firm is on our Disclosures page.
© Langan Financial Group
Harrisburg, PA Office
Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880
York, PA Office
Address: 3405 Board Rd, Suite 200, York, Pa 17406
Phone: 717-773-4085
