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.
They charge by the hour. For example, Financial Connections, a top rated, hourly-based, fee-only advisor in California, charges an hourly rate of $240 for financial planning services and support. Separately the firm charges a flat fee of $7,500 (annually) for providing investment management services.