@Retiredmajor, long answer to simple question. Sorry.
First, ignore the FA-haters like @Another Reader.
Second, understand that "Investment Advisor" and "Financial Advisor" are frequently conflated. At places like Vanguard, you are getting basically an investment advisor. The scope of a financial advisor is much broader, including things like Social Security strategies, Roth vs TIRA strategies, advice on estate planning and other non-investment aspects of financial life. So you have to decide which you want.
Third, fees are negotiable. This is especially true at the smaller shops where, IMO, the relatiionship and the financial advice is potentially better. FAs associated with large brokerage houses and insurance companies are less able to negotiate fees and are more likely to be investment advisors and salespeople.
Fourth, some data: I am peripherally involved with a non-profit that has about $1M with Morgan Stanley and is paying 89 bps. This is an egregiously badly run portfolio ("peripherally" means they kicked me off the investment committee) but the organization is very low maintenance. Basically a quarterly meeting here in town and that's it.
I am involved with another nonprofit where we created an RFP and solicited proposals from a half-dozen FAs to run about $4M. This is a higher-maintenance client, where the FA is required to travel to a board meeting once a year to make a report and the portfolio is complicated by having some endowment funds and some donations that have to be tracked individually as to how the income is spent. The range of fees was from 0.4% at Vanguard to 1% at a large insurance company. The competitive range was 60-80 bps and the winner was at 68bps with a promise to reduce to 0.62% at $5M and 0.50% at $10M.
Edit: In both of these cases, the organizations are getting an investment advisor, as all the other functions that a true FA brings to individual clients are not needed.
From casual browsing I think a typical sticker price for running $1M and being a financial advisor rather than just an investment advisor is about 1%. One thing to be aware of, self-aware really, is whether you will be a high-maintenance client with lots of questions and phone calls. A client that the FA perceives as high maintenance will be less successful in negotiating lower fees.
Finally, for each FA you interview be sure to run a brokercheck (
https://brokercheck.finra.org/) and be sure to establish that the FA relationship will be as a fiduciary.