Guides › Financial Advisor Fees
Updated October 3, 2026. Quick answer: Fisher Investments has the lower published fee at $500,000: $7,500 a year, versus up to $10,000 a year (its 2.0% maximum Advisory Fee, before Platform, Manager and other fees, which the firm says is negotiable) for Ameriprise, computed from each firm’s own SEC-filed fee disclosure. Where a firm publishes only a maximum rate, the figure shown is that maximum, and what you pay may be lower. See the full side-by-side table below for $250,000, $1 million and $2 million.
The Ameriprise fees are shown in dollars at four balances on their own page.
What each firm charges, side by side
| Account balance | Ameriprise (annual fee) | Fisher Investments (annual fee) |
|---|---|---|
| $250,000 | Up to $5,000 | $3,750 |
| $500,000 | Up to $10,000 | $7,500 |
| $1,000,000 | Up to $20,000 | $12,500 |
| $2,000,000 | Up to $40,000 | $23,750 |
Ameriprise discloses a published maximum rate of 2.0%, which the firm says is negotiable (Ameriprise Managed Accounts Client Disclosure Brochure (Wrap Fee Program), Form ADV Part 2A Appendix 1, June 2026); Fisher Investments discloses a tiered schedule starting at 1.25% on the first $1 million, with a 1.50% rate for smaller relationships (Fisher Investments Form ADV Part 2A, “Private Client” Brochure, February 11, 2026).
What the fee includes, in each firm’s own words
Ameriprise (Ameriprise Managed Accounts Client Disclosure Brochure (Wrap Fee Program), Form ADV Part 2A Appendix 1, June 2026): “The Asset-based Fee is comprised of the total of (1) a negotiable Advisory Fee of up to a maximum annual rate of 2.0%; (2) a Platform Fee rate that varies by Program; and (3) any applicable Manager Fee.” 2.00% maximum Advisory Fee (SPS Advisor Program), before an additional Platform Fee of 0.02% to 0.05% and an Investments and Infrastructure Support Fee of 0.03% that can stack on top.
Ameriprise’s SPS Advisor program (a discretionary program) discloses only a maximum negotiated Advisory Fee of 2.0%, not a public dollar-tiered table; the brochure says minimum Advisory Fee rates vary with the total value of the assets in the client’s Managed Accounts (Advisory Tiers) but does not list them in its fee table. The figures above apply the disclosed 2.0% Advisory Fee ceiling as a flat rate. On top of it, a Platform Fee (0.02% to 0.05% of assets) and an Investments and Infrastructure Support Fee (0.03%) can apply, which together push the SPS Advisor Program’s disclosed maximum to about 2.08% (roughly $5,200 a year on $250,000 instead of $5,000); other programs add a 0.17% Platform Fee and a Manager Fee that generally ranges from 0.10% to 0.80%.
Fisher Investments (Fisher Investments Form ADV Part 2A, “Private Client” Brochure, February 11, 2026): While at times FI may negotiate rates other than those specified, FI’s private client basic billing rates for Equity and Blended Accounts, applied to one or more aggregated accounts owned by the same client, are an Annual Management Fee of 1.25% on the first $1 million, 1.125% on the next $4 million and 1.000% on additional amounts over $5 million. The brochure continues: “FI typically targets clients with at least $1,000,000 in investable assets but will accept smaller client relationships at FI’s discretion which will be billed at an annual rate of 1.50%. Clients with managed assets that fall below $900,000 due to withdrawal will be billed at the annual rate of 1.50%.”
Fisher bills the smaller relationships it accepts at its discretion, and clients whose managed assets fall below $900,000 due to withdrawal, at a flat 1.50%; the table applies that rate at $250,000 and $500,000 and the marginal Equity and Blended schedule from $1,000,000 up.
How this compares
The median ria charges roughly 1.0% of assets under management annually (the benchmark). At $500,000, Ameriprise runs up to $10,000 a year (its 2.0% maximum Advisory Fee, before Platform, Manager and other fees) and Fisher Investments runs $7,500 a year: a difference of $2,500 a year at that balance if Ameriprise charges its maximum Advisory Fee.
Want the full breakdown for either firm on its own? Read the Ameriprise fee page or the Fisher Investments fee page for the complete tier table and source citations.
Thinking about leaving one of these firms instead of pricing what you would pay to stay? See what it costs to leave Ameriprise or what it costs to leave Fisher Investments, or read the general mechanics of switching financial advisors.
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Answer againSources
- Ameriprise Managed Accounts Client Disclosure Brochure (Wrap Fee Program), Form ADV Part 2A Appendix 1 (June 2026): https://www.ameriprise.com/legal/disclosures
- SEC Investment Adviser Public Disclosure, Ameriprise Financial Services, LLC (CRD #6363): https://adviserinfo.sec.gov/firm/summary/6363
- Fisher Investments Form ADV Part 2A, “Private Client” Brochure (February 11, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008280
- SEC Investment Adviser Public Disclosure, Fisher Asset Management, LLC, doing business as Fisher Investments (CRD #107342): https://adviserinfo.sec.gov/firm/summary/107342
Methodology. This page was built October 3, 2026, re-pairing figures already archived and independently verified for Ameriprise and Fisher Investments from each firm’s own SEC-filed disclosure; sources linked above. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.