Guides › Financial Advisor Fees
Updated October 3, 2026. Quick answer: Ameriprise has the lower published fee at $500,000: up to $10,000 a year (the published maximum, which the firm says is negotiable), versus up to $12,500 a year (the published maximum, which the firm says is negotiable) for Kestra (Kestra Private Wealth Services / Kestra Advisory Services), 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.
What each firm charges, side by side
| Account balance | Ameriprise (annual fee) | Kestra (Kestra Private Wealth Services / Kestra Advisory Services) (annual fee) |
|---|---|---|
| $250,000 | Up to $5,000 | Up to $6,250 |
| $500,000 | Up to $10,000 | Up to $12,500 |
| $1,000,000 | Up to $20,000 | Up to $25,000 |
| $2,000,000 | Up to $40,000 | Up to $50,000 |
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); Kestra (Kestra Private Wealth Services / Kestra Advisory Services) discloses a published maximum rate of 2.5%, which the firm says is negotiable (Kestra Advisory Services, LLC Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1), August 20, 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 (its discretionary flagship) discloses only a maximum negotiated Advisory Fee of 2.0%, not a public dollar-tiered table; actual per-tier minimum rates are deferred to a private, non-SEC-filed Relationship Agreement not available to the public. 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 all-in disclosed maximum to about 2.08% (roughly $5,200 a year on $250,000 instead of $5,000).
Kestra (Kestra Private Wealth Services / Kestra Advisory Services) (Kestra Advisory Services, LLC Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1), August 20, 2026): “All fees are negotiable, subject to the maximum amount set forth below. FSP Fee Schedule Fee Type Assets Minimum Maximum Manager Fee $5,000+ 0.02% 0.45% Advisor Fee $5,000+ 0.00% 2.48% Client Fee $5,000+ 0.02% 2.50% … Client Fee is the sum of the Advisor Fee plus the Manager Fee. In instances where the maximum Advisor Fee plus the Manager Fee would exceed 2.5 percent, the Advisor fee is reduced so the Client Fee does not exceed 2.5 percent.” Fund Strategist Portfolios (FSP) Program, Client Fee (Advisor Fee + Manager Fee), $5,000+ accounts: 0.02% min, 2.50% max; Separately Managed Accounts (SMA) Program, Client Fee, $100,000+ accounts: 0.02% min, 2.50% max; Unified Managed Account (UMA) Program, Client Fee, $5,000+ accounts: 0.02% min, 2.50% max; APM-Wrap / most other AdvisorEnterprise programs, Maximum Client Fee: 2.50%; One passive/index-model program, Maximum Client Fee (lower cap): 1.50%.
Kestra’s advisory fee is entirely advisor-negotiated within a published floor/ceiling band; across its AdvisorEnterprise programs (FSP, SMA, UMA, APM-Wrap, etc.) the Client Fee ranges from about 0.02% up to a firm-wide Maximum Client Fee of 2.5% (one narrower passive-model program caps at 1.5%). The dollar figures on this page apply that 2.5% maximum to each balance, as the most a client could be charged. Kestra Advisory Services was used as the primary citation as the larger/parent RIA (formerly NFP Advisor Services).
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 (the published maximum) and Kestra (Kestra Private Wealth Services / Kestra Advisory Services) runs up to $12,500 a year (the published maximum): a difference of $2,500 a year between those figures at that balance.
Want the full breakdown for either firm on its own? Read the Ameriprise fee page or the Kestra (Kestra Private Wealth Services / Kestra Advisory Services) 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 read the general mechanics of switching financial advisors.
Find the right next step for your situation
About how much do you have invested? Pick the range that fits; your next step appears immediately below.
Ameriprise runs up to $10,000 a year (the published maximum) at $500,000. See what else is available.
If your portfolio is $250,000 or more, this connects you (free, with no obligation to hire anyone) with 2 to 3 vetted advisors.
Before you start, what actually happens. The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you.
WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone.
Opens on WiserAdvisor’s site in a new tab.
Compare Ameriprise and Kestra (Kestra Private Wealth Services / Kestra Advisory Services) against a fee-based match.
Price the destination before you decide. The matching service below introduces you to advisers who pay to meet you.
Before you start, what actually happens. The form is run by Kapitalwise, our advisor-matching partner. Kapitalwise sends your details to advisers who pay for the introduction, so expect calls and texts. Clear Money Guide is paid when you submit the form, whether or not you ever hire anyone. This is free to you and there is no obligation to hire anyone.
The Kapitalwise form opens here; you stay on this page.
What happens when you press the button
It asks about nine questions: age, investable assets, location; then your name, email and phone number, and verifies the phone by text. Nothing loads and nothing reaches Kapitalwise until you press the button.
Prefer flat-fee or hourly pricing instead? Compare ranges here.
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
- Kestra Advisory Services, LLC Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1) (August 20, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055475
- SEC Investment Adviser Public Disclosure, Kestra Advisory Services, LLC (“Kestra AS”) (CRD #283330): https://adviserinfo.sec.gov/firm/summary/283330
Methodology. This page was built October 3, 2026, re-pairing figures already archived and independently verified for Ameriprise and Kestra (Kestra Private Wealth Services / Kestra Advisory Services) 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.