Exactly. I think there's been too much emphasis in this thread on "flat-fee" as opposed to hourly.i’m a fan and use a non aum financial
advisor. i pay by the hour, i use about 6-8 hours/ year.
it cost me more for asking a lot of questions or having complex issues.
As a consultant, I've worked hourly. Attorney's bill hourly. Many professions bill hourly.
Our current financial advisory firm has hourly rates which vary depending on which person is involved. However, they are changing their model and may be going to a different billing style, although they say they are going to grandfather in the hourly clients and keep them hourly.
Some years, we've spend very little, and others, we've spent $2,000 or $3,000 working with the hourly firm.... they do a quarterly (or less frequently, depending on what we want) portfolio review. With enough clients, they should be able to make a good living this way.
In addition to feedback on our portfolio, which is BH like because that's what we do, they are there to answer the phone and help us not make mistakes like getting out of the market for no good reason.
Statistics: Posted by valleyrock — Mon Feb 16, 2026 4:08 pm — Replies 31 — Views 1816