Updated July 7, 2026. Quick answer (2026): Financial advisor fees for a $2 million portfolio are about $20,000/year at 1.00% AUM, $15,000/year at 0.75% AUM, and $10,000/year at 0.50% AUM before fund, platform, overlay, trading, tax-prep, or implementation costs. At this balance, fee breakpoints and flat-fee comparisons can change the answer by thousands of dollars per year.
Use this $2 million portfolio guide to compare advisor proposals that may include retirement-income planning, taxable accounts, concentrated stock, equity compensation, business-owner income, estate coordination, charitable giving, CPA coordination, and implementation help.
Fast tools
- Financial advisor fee calculator
- Advisor fees by portfolio size
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- Flat fee vs AUM break-even calculator
- Average wealth management fees
$2 million portfolio advisor fee table
| Quote type | Example annual cost | What to confirm |
|---|---|---|
| 1.00% AUM | $20,000/year | Whether the advisor applies breakpoints, caps, household billing, or separate platform costs. |
| 0.75% AUM | $15,000/year | Effective rate, investment implementation, tax work, estate coordination, and meeting cadence. |
| 0.50% AUM | $10,000/year | Minimum fee, planning depth, advisor access, and whether tax and withdrawal planning are included. |
| Flat annual planning | $6,000-$15,000/year | Written scope, portfolio implementation, Roth conversion work, charitable planning, and CPA coordination. |
Price the quote you were actually given
Enter the annual rate you were actually quoted. This prices it against the by-slice breakpoint schedule published on this site — one example schedule, not a market benchmark — and shows the difference in annual dollars. Neither figure includes fund expense ratios or platform layers.
Why $2 million is a breakpoint conversation
- A 0.25 percentage-point difference equals about $5,000/year on a $2 million portfolio.
- A flat annual quote may cost less than AUM if it includes comparable investment, tax, and retirement-income work.
- A lower AUM rate may still be expensive if it adds fund costs, platform fees, overlay fees, or hourly planning work.
Related balances: $500k portfolio advisor fees, $1 million portfolio advisor fees, and $3 million portfolio advisor fees.
Methodology
- We convert common advisor percentage quotes into annual dollars for a $2,000,000 portfolio.
- We compare AUM against flat annual, retainer, hourly, project, and robo-supported pricing by first-year cost and written scope.
- This page was materially reviewed on July 7, 2026. Fee examples are educational, not personalized financial, tax, legal, or investment advice.
Editorial standards: Editorial Policy
Portfolio heading past $5M? See private wealth management fees for how breakpoints and retainers change the math at UHNW levels.
If a large share of that portfolio is one stock
The routes out of a concentrated position rest on authority that is thinner than the marketing suggests, and in each case the gap is checkable:
- Exchange fund vs collar — one ends your ownership, one does not, and nothing else follows until you settle that
- Does a collar trigger a constructive sale? Treasury never wrote the regulation the question depends on
- The seven-year rule is not a lockup — it is a gain-recognition trigger under §737
- The 80% test explains why an equity fund owns real estate
- Prepaid variable forwards have a published IRS ruling, and conditions the brochures omit
- 10b5-1 cooling-off periods if you are a director or Section 16 officer
More routes out of a concentrated position
The five below were built alongside the block already on this page and belong with it:
- The constructive-sale rules — §1259 says “substantially identical”, never “substantially similar”
- The 30-day exception — narrow, conditional, and routinely described as broader than it is
- Prepaid variable forward vs collar — two different answers to the same question, with different tax consequences
- Exchange fund vs simply selling — the honest comparison, including what the fund costs you
- Modifying a 10b5-1 plan — a modification can restart the clock you were relying on
What firms actually disclose at this balance. In our own benchmark of published adviser fee schedules, the weighted median annual cost at $2,000,000 is $16,000 to $19,375, taken from the Form ADV Part 2A filings of 176 SEC-registered advisers. The full benchmark, with method.
At this balance the question shifts from price to scope: do you need a wealth manager at $2 million.
More balances, same measured basis: $750k · $5 million · $10 million — the last two sit above our measured range and are labelled as upper bounds rather than going rates.
At $2 million the gap between 1.00% and 0.75% is $5,000 a year, and that saving is what has to repay the cost of moving, so what leaving costs and when it pays back works out how many months that takes on your own numbers.