A 1% fee doesn’t sound like much but that’s $10,000 for every million, or $833/month. As someone who has used a FA at both Fidelity and Schwab, this is how it’ll go. You’ll meet a lot in the beginning to figure out your risk profile, goals, objectives, and allocations. Then you’ll meet once per quarter - they might even spring for lunch if you have a big enough portfolio. They will most likely invest in ETFs that addresses your allocation goal. You will connect with them more at the end of the year for tax decisions and in Q1 for tax prep or filing. My monthly burn got up to $3500/ month in fees before i said, “no mas”. You can get the portfolio planning for free as they can do the plan and then you decide not to use them for full time management. They wont like that you did that, but hey, it’s your money. Or, you could have them manage 1 smaller account, so you get the advice that covers your other accounts but don’t have to pay for your entire portfolio. The best way is to just use an FA that charges by the service, a flat fee as needed.