Financial advisors

Is charging $5000.00 too much to open an account with a investment firm? And then charge 1.5% to manage your account.

Terry Says:  That is absolutely RIDICULOUS!  Don’t put your money there — wherever “there” is!  Just go to Fidelity.com or Vanguard.com or TRowePrice.com.  They each have toll-free numbers as well  as a website, and they can tell you how to open an account — and advise you on which fund to use, depending on your goals.