Is Paying a Financial Advisor 1% Too Much? (What You’re Missing)

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 timeWhy fees increase automatically as portfolios growWhere mistrust in financial advice comes fromThe differences between AUM, flat fee, fee-only, and advice-only modelsWhat fiduciary really means in practiceWhy more people are moving away from the 1% modelThis 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 planninghttps://www.concurrentfp.com/Subscribe for weekly episodes on money, meaning, and alignment.Follow: @DrPrestonCherryThe Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.Learn more at concurrentfp.com