What 1% Really Costs
Study this chart from the SEC.gov which shows what the difference is between paying 1.5% and .5%.
It is very likely your financial guy is charging you 1% to watch your money and then of course there are the fixed costs that everyone pays (mutual funds, etc) which is why the chart shows the difference between 1.5% and .5%.
On an investment of just $10,000, the difference is $22,634 in your pocket!
It's alot money, a huge cost which lowers returns your investment returns in a big way so you better be sure you are getting something in return, some great advice, some hand-handing during the tough times but just don't expect higher returns.