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I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

“A standard full-service broker-dealer typically charges anywhere between 1% and 2% in management fees, on top of any fund-specific expenses, trading fees and commissions,” explains certified financial planner Jay Abolofia of Lyon Financial Planning. If you like your bank, but want to pay less, open a line of communication with them.
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