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.
Furthermore, the majority of fee-only financial planners have a minimum fee for an hourly, flat fee or annual retainer client engagement and often that minimum fee equates to a minimum account size. If a planner has a $5,000 minimum annual fee, you don't want to hire them to manage a $100,000 portfolio.