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.
1 According to the website AdviceIQ.com, the average rate for a financial advisor can cost $200 to $500 per hour, with a total of more than $5,000 for a complete consultation and planning session.2  For a fee based advisor, the financial advisor can charge a percentage based on your assets. For planners that charge on a hourly basis, the rates can greatly range anywhere from $75 to as much as $500 per hour. 2  This rate will widely depend upon the plannerâs credentials, their demand and qualifications.