Do Human Advisor Fees Offer More Value Than Robo-Advisor Fees?
In February, I published an article on ADVISOR.CA titled “Do Human Advisor Fees Offer More Value Than Robo-Advisor Fees?” In this article, I examined the claim that using a robo-advisor can add hundreds of thousands of dollars to your investment when compared to the higher fees charged by many human advisors.
Using RazorPlan software, I concluded that although fees do matter, the value of advice in the example used accounted for a 1.7% return on investment.
To give RazorPlan users an idea of how to do similar comparisons with the software, I’ve outlined my process. In the video below, I show you step by step how to calculate the value delivered by an advisor charging a 1% “advice” fee.