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.
Some fee-only planners charge a flat annual fee or even an hourly rate instead of a percentage of your assets, though. These rates vary widely, but most hourly rates fall between $100 to $400 an hour, according to the College for Financial Planning.ome fee-only planners charge a flat annual fee or even an hourly rate instead of a percentage of your assets, though. These rates vary widely, but most hourly rates fall between $100 to $400 an hour, according to the College for Financial Planning.