Fee only financial advisors in Washington who charge hourly or a flat fee

Key findings from the filings

• The median hourly rate in Washington, $300 from 150 firms, is tied for the 3rd highest of the 44 states where at least 10 firms publish a current hourly rate; the median in the rest of the US is $295.
• The median flat or project fee in Washington, $3,750 from 54 firms, is the 8th lowest of the 38 states where at least 10 firms publish a current flat or project fee; the median in the rest of the US is $5,000.
• Among the 3 Washington cities where at least 10 firms publish a current hourly rate, the median hourly rate is highest, $350, in Spokane (11 firms), and lowest, $263, in Bellingham (10 firms).
• Of the 187 Washington firms that publish fees, 88% publish an hourly rate, 33% a flat or project fee, and 10% a monthly or quarterly fee; across the US the shares are 73%, 55%, and 21%.
• 33 of the 187 Washington firms that publish fees (18%) charge no fee based on a percentage of assets, compared with 14% across the US.