Also, we will collectively call the minimum and maximum points of a function the extrema of the function. So, relative extrema will refer to the relative minimums and maximums while absolute extrema refer to the absolute minimums and maximums.
Cost. More and more advisors are offering this type of service with a monthly retainer. Often they will charge $500-$2,000 upfront for the initial planning phase and then charge a monthly fee of $50 â $300 per month depending on the complexity of your financial needs.
If you have a planner telling you that itâs going to cost $5,000 or $10,000 to do your plan, then youâd better have some extra special circumstances which justify it. About 80% of the time, your plan should cost between $1,800 and $2,400.