As Bob eluded to, it depends not only on the size of your portfolio, but the makeup of your portfolio. An advisor who simply invests in index funds could be viewed as adding less value than an advisor who develops a more customized portfolio. Additionally, an investor's total cost (advisor costs plus investment costs) should be the bottom line. For instance, I include investment cost in what I charge my clients. I charge my smaller clients 1.5%, which includes my fee and investment cost. Be sure to create an "apples-to-apples" comparison when evaluating advisors. An advisor who only charges 1% may appear cheaper than I do, but if your investments charge an additional 1%, then I am actually significantly cheaper at the end of the day.