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The amount you pay for a subscription relationship with an advisor may vary.
For example, financial advisors in XY Planning Network do not require clients to have a minimum of badets to work with them. They can charge a start-up fee, as well as a monthly fee.
"Most chain employees do not want to help a 25-year-old who owns $ 30,000 on $ 401 and $ 1,000 in a bank," said Rockie Zeigler, CFP and founder of RP Zeigler Investment Services in Peoria. Illinois.
He charges $ 500 to his subscribing customers, plus $ 150 a month.
For this cost, clients participate each year in four to six personal conversations, ongoing communication with the firm, a biannual review of their 401 (k) plan and more.
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The level of interaction you will get will also vary depending on your situation and the advisor service offer.
"Some counselors are very active and meet every month every year because they are coaching on cash and it takes that intensity to learn how to develop these savings habits," Roberge said.
It charges an initial cost of $ 2,000 and a monthly allowance of $ 200 for the first year of service.
During this time, Roberge establishes a plan for the client, implements it during the year and meets it about six times.
"In between, you have access to me if there is something urgent and can not wait," he said.
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