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.
In 2014, financial planners with three to five years of experience can earn anywhere from $66,500 to $84,750, according to the BLS. For those with a certification, the salary ranges between $69,825 and $93,225 a year. At the managerial level, certified financial planners earn $92,138 to $128,425, according to the BLS.