💨 Abstract

### Summary For potential investors, financial advisors have traditionally favored high-net-worth clients due to minimum asset requirements. However, more advisors are now offering services to smaller investors by adopting innovative models like flat fees, project-based fees, and hourly consultations, in addition to the traditional Assets Under Management (AUM) model. Fees and services can vary, so it’s crucial to understand the cost structure, any additional fees, and the specific services needed.

Courtesy: wtop.com