Vanguard, the largest mutual fund company, took the difficult and pain staking work to figure out what an investment advisor doing the basic and appropriate roles might be worth to an investor. Never mind that the majority of advisors don’t do these assumed tasks or are structured appropriately. The result is 3% of your assets annually. So, the more assets you have, the more money the advisor is worth. Additionally, the article does not address the risk removal one would hope an advisor would additionally provide.