The fees charged by wealth management firms vary depending on many factors, such as the level of service provided and the individual wealth manager's fee structure. Wealth managers usually charge an annual fee based on a percentage of their client's assets under management or AUM.
According to Deloitte, traditional wealth managers may charge about two to three per cent for their annual management fee. However, they may offer lower fees for those with more considerable sums to invest. Financial Times reports that fees can fall to 0.75 per cent on portfolios of up to US$2 million.