Also, we will collectively call the minimum and maximum points of a function the extrema of the function. So, relative extrema will refer to the relative minimums and maximums while absolute extrema refer to the absolute minimums and maximums.
Cost. More and more advisors are offering this type of service with a monthly retainer. Often they will charge $500-$2,000 upfront for the initial planning phase and then charge a monthly fee of $50 â $300 per month depending on the complexity of your financial needs.
In these situations there may not be a basis for fair value; the historical cost is often times the most attainable. For purposes of employee benefit plan audited financial statements and financial information for the Form 5500 filing, the cost method of accounting for plan investments is not an acceptable basis.