As internet investing continues to evolve, online investment management firms or Robo-advisors have started popping up on the World Wide Web.
With significant investment in technology to come up with the finest low-cost solutions, the paradigm has changed for retirement planning, financial advisory services, and wealth management which gives you an excellent chance for the public. You can choose an online financial planner through the internet.
There is no denying the exorbitant fees that traditional financial advisors charge their clients.
For example, an investor who begins with a $200,000 investment portfolio, can expect to pay approximately $2,500 a year for investment management using the average advisor fee of 1.25%. Looking at this fee over a 20 year period could cost this investor more than $125,000 from their portfolio. This doesn't include any hidden portfolio fees.
With the entrance of online robo-advising services, some of the best online financial advisors have been able to cut fees that investors have to pay for professional investment advice down by more than half.
Iron Peak Advisors has taken it even further by charging a flat rate of only $15 per month per account with annual costs hitting just at $180. That's the Iron Peak Advisors difference! Check out the cost difference between your advisor managing your portfolio and Iron Peak Advisors handling your investments for you.