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Old 02-03-2012, 11:26 AM   #19 (permalink)
Beans
is full of beans

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Quote:
Originally Posted by Northern Neighbour View Post
One final point, I've never met a financial planner that takes a 4% commission. Most financial planners will take anywhere from 0.3% to 1% of the initial money invested + any interest / growth earned. If you have a financial planner taking 4%, you better find another planner.

Agents, on the other hand, do take a hefty portion - from 2% to 15% depending on the client and his contract.
Ah, I misread Snooch's post:
Quote:
40000 dollars upfront then gets a fee on a monthly basis
$40,000 + ($10,000,000 * 0.01) = $140,000

Last edited by Beans; 02-03-2012 at 11:28 AM.
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