Financial Advisor Fees

[calypso]

Just trying to figure out if I am getting a good rate or not.

If you can please let me know how much you spend annually on advisors fees, and include the fund/RA size if you want to.

 

[Speedster]

Just trying to figure out if I am getting a good rate or not.

If you can please let me know how much you spend annually on advisors fees, and include the fund/RA size if you want to.

0%. RAs are with Allan Gray and 10x

 

[mr_norris]

0% on advisor fees. I am the advisor

 

[3WA]

0%. RA with Sygnia. If I really had to get an advisor, I'd pay by the hour, not a %.

 

[backstreetboy]

Nothing with Sygnia Roboadvisor.

 

[zerocool2009]

My preservation fund and RA are direct, and costless!

 

[SauRoNZA]

No more advisors, kicked them all to the kerb as they were just eating into the very little profit they were making.

Everything managed moved to 10X, everything else on Easy Equities.

If you absolutely want an advisor get one that charges by the hour.

 

[rietrot]

0%

 

[zerocool2009]

My locked in funds are structured to generate monthly “income” that beats my fees!

Thats why I say its costless!

Be savvy! It ain’t difficult

 

[supersunbird]

0% on any retirement funds.

 

[cguy]

Mine is 0.5% per year up to $10m and 0.1% thereafter. It’s actively managed and my whole risk exposure is taken into account.

 

[Pegging]

Just trying to figure out if I am getting a good rate or not.

If you can please let me know how much you spend annually on advisors fees, and include the fund/RA size if you want to.

If it’s just an RA, then you can do it yourself.

If you’re under 65 or more than 5 years away from retirement, then your only real option is to invest in a balanced fund. That you can do yourself at Allan gray, Coronation etc.
Nothing stopping you from opening 2 or more RAs at different ManCos. You can also choose more than one balanced fund in your RA, I have 3 in my main RA at Allan Gray.

Just do some reading up to make sure you understand how they work.

 

[backstreetboy]

I think the work of a financial advisor should be well paid. Proper financial planning is not easy work.

Sure is. Just go with https://www.sygnia.co.za/fund/sygnia-skeleton-balanced-70-fund or 10x and Bob's your uncle.

 

[beefymoocow]

Apparently it cost negative 1.7% or I get paid 1.7% per annum and got a financial advisor. But won’t advise you do the same unless you financially literate and financially able to commit.

The EAC getting lower and lower. Hopefully I will hit negative 2% in a year or so.

 

[kota]

To be honest, most advisors are not worth anything, all they do is sell you crappy investments that pays them the highest commissions and also charges you a service fee for it, your ROI is minimal after paying your advisors and fund managers. admin fees etc.... If you are long term investor, have good risk tolerance and want something that you contribute periodically and forgets, just buy an ETF that tracks the S&P 500, at least history has shown us that it will out perform most funds that you have accesses to and it saves you management fees charged by the portfolio managers in active managed funds.