SWITCHING FROM A BIG FIRM
Currently With Vanguard, Fidelity, Schwab, or a Wirehouse?
Every large firm below has a different fee structure and a different way of paying its advisors, some of it disclosed plainly, some of it buried in trade press. Pick your current firm to see exactly how it's structured, and what changes with a flat-fee CFP + Enrolled Agent who caps the total number of households at roughly 55 to 60.
No commitment. No sales agenda. 30 minutes.
Vanguard
$50,000 minimum. Roughly 0.30%-0.35% annually. Hybrid digital-plus-human service, typically through a team of CFP professionals rather than one dedicated advisor.
See the breakdownFidelity
$50,000 minimum; a dedicated advisor typically requires $500,000+. Fee range roughly 0.50%-1.50%.
See the breakdownCharles Schwab
$25,000 minimum. Flat $30/month ($360/year), not a percentage fee, plus unlimited access to a CFP professional.
See the breakdownMorgan Stanley
Tiered wrap fee, representative example roughly 1.75% on the first $1M and 1.25% above that, negotiable by advisor and household.
See the breakdownMerrill
Roughly $250,000 general entry point; no firm-wide hard minimum, set advisor-by-advisor.
See the breakdownUBS
$5,000 minimum, mutual funds only.
See the breakdownRaymond James
Discretionary (Ambassador) or advisor-directed (Freedom Account) fee-based programs; minimums span roughly $5,000-$25,000 at the low end.
See the breakdownFisher Investments
Commonly cited minimum of $500,000-$1,000,000. Tiered AUM fee: roughly 1.25% on the first $1M, 1.125% on the next $4M, 1.00% above $5M, blended and declining as assets grow.
See the breakdownAbout These Pages
Each page describes general, publicly disclosed program characteristics and industry-reported facts about the named firm, not a specific client's account. Figures change; verify current fees and disclosures directly with the firm or at adviserinfo.sec.gov. These pages are not a recommendation for or against any specific firm or advisor.