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How much does professional financial planners cost?

Published by Handy Work on

Professional financial planner
Professional financial planner

How much does a financial planner charge in Philippines?

Financial planners generally charge around 3% to 4% per year. This fee is charged on top of the recommended RRSP contribution amount. For example, if you want to contribute $5,000 to your RRSP each year for the next 10 years, then you would pay your financial planner $1,000 (3% of $10,000) as an upfront fee. You would also need to contribute $5,000 per year. In 10 years time, you will have contributed a total of $50,000 and your financial planner will have earned $1,500 in fees ($1,500 = 4% of 50K).

How much does a financial planner charge in Malaysia?

The fees for financial planning in Malaysia range from 3% to 5%. The fees are generally lower than in Singapore as the minimum amount you can invest in an RRSP account is only $1,000. This means that even if you wanted to contribute $20,000 per year to your RRSP account over 10 years (assuming the fees were 4%), you would only pay $800 as upfront fee. You would also need to contribute $20,000 per year. In 10 years time, you will have contributed a total of $200,000 and your financial planner will have earned $8,000 in fees ($8,000 = 5% of 200K).

How much does a financial planner charge in Indonesia?

Financial planners generally charge between 3% and 4%. This means that if you want to invest Rp 200 million ($12,500) per year into an RRSP account over 10 years (assuming 3% fee), it would cost Rp 30 million ($1,750) upfront. Your investment into the RRSP account will be Rp 240 million ($13,250). In 10 years time, you will have contributed a total of Rp 2.4 billion ($150,000) and your financial planner will have earned Rp 360 million ($25,000) in fees.

How much does a financial planner charge in Singapore?

Financial planners generally charge between 3% and 4%. This means that if you want to invest $20,000 per year into an RRSP account over 10 years (assuming 4% fee), it will cost $800 upfront. Your investment into the RRSP account will be $20,800. In 10 years time, you will have contributed a total of $200,000 and your financial planner will have earned $8,000 in fees.


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