Model the fee schedule you actually pay.

Asset-based fee* is held at the rate you enter for the whole period. Real fee schedules often step down at asset breakpoints, so the difference shown may be overstated. This calculator is illustrative only, is not a forecast, and should not be relied on for a precise cost analysis. Values are nominal and before taxes.

Fund/ETF expense ratio of 0.00% is added to the asset-based advisory fee, for a total modeled load of 1.00%. The fund/ETF expense ratio you enter is added to the asset-based advisory fee, so it is charged to the traditional-advisor path only. It shows the total cost of that package. A flat-fee investor holding the same funds would also pay those fund expenses, which would narrow the difference shown here.

Historical mode replays actual S&P 500 calendar-year total returns in the order they occurred. Past performance does not guarantee or indicate future results, and no projection here is a forecast. Index returns are not investable: you cannot buy an index directly, and index figures carry no fund expenses, transaction costs, taxes, or advisory fees of any kind. The only costs reflected in this illustration are the ones you enter above. You choose the first and last year shown; a different period produces a materially different result. S&P 500 Total Return Index, calendar years 1986–2025, dividends reinvested, nominal (not inflation-adjusted). Source: S&P Dow Jones Indices.