Dolores’s purchased 1,000 shares of the S&P 500 index (SPY) at $300 per share, inside her $1.1 million fee-only account this year. The planner’s firm charges commissions of $0.27 per share and 1% on fee-based accounts. How much does her planner charge this year?
$3,000
$11,000
$11,270
$270
($11,270 is incorrect)
