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.
That's for comprehensive financial planning, says John Sestina of John E. Sestina and Co. We advise on everything, including whether to refinance a mortgage and how to allocate a 401(k).. He charges $5,000 for accounts up to $1 million (that's 0.05 percent, at the top) and larger fees for larger accounts. For younger clients, he offers financial planning lite-- $1,000 for full planning and investment services on accounts of any size, but only two or three meetings a year. Fee-based advice. Here, you have wolves in sheep's clothing.