I give 403b/401K advice away for free. I do this for clients for whom I am currently managing assets, which may range anywhere from $5000 to $500,000. Ninety percent of the time, these clients ask me to review and advise them on how to allocate their company retirement plan. Historically, I have provided this advice for free and now I don't want to. How should I change my pattern and also charge for the advice?

Article ID: 457

Last updated: 20 Nov, 2019

Say something like this, "I used to provide this advice to you for free, however, I will no longer be doing that. My fee for giving you advice about _______ is $_________, does that work for you?"

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