My favorite investing option, Betterment (this is the one I use personally, except for our company 401k) also charges a management fee of anywhere from .15 to .35 percent. That fee is dramatically less (about one tenth) than what a financial advisor would charge you, but Betterment is able to charge less to the individual because they can serve more people. Now, I do believe there is a place for financial advisors and their management fee.
