Is a 1% management fee high?

The average fee for a financial advisor is generally around 1% of the assets they manage. However, the more money you have invested, the lower the fee will be. Management fees can also cover expenses related to managing a portfolio, such as fund operations and administrative costs. The management fee varies, but usually ranges from 0.20% to 2.00%, depending on factors such as management style and size of the investment.

For example, if you are looking to invest in a Gold based IRA, you may find that the management fee is lower than other investments due to its unique nature.