Ongoing Financial Advice...what's reasonable and fair?

[P.Griffin]

I'm pretty happy with the performance and the advice I have been given, but I'm paying 1%p.a. to the adviser (bi-annual reviews) . Including fund and platform charges, this comes to just over 2% p.a. I no longer have to pay one off charges on investments, but every % of yearly charges eats into the growth. With the markets looking to flat line, if not come off a little in the next few years, I'm curious to know if what i'm paying is reasonable. I know there will be many variables but I'd be interested to know your thoughts as answers online are so vague. Cheers

[P.Griffin]

mikeiow said:

The $64,000 question!

Going with IM (see sticky) keeps that to 0.87%.

.....but I would ask how happy you are with the performance?


My *personal* view is that for long term savings, one really wants the total fees to be as low as possible: an extra 1%+ 'taken' each year compounds up to BIG losses when seen over many years.

Sorry to open a can of worms but your final point sums up my concerns with ongoing fees, even though I am happy with the performance. Thank you for the heads up on the sticky..do you know if 0.87% is their fee or inclusive of fund and platform?

[P.Griffin]

Thank you chaps