I too pay my financial advisor a percentage of my assets for management of my SEP retirement plan. I am not yet retired and withdrawing from the account. The answer above suggests that the fee I pay to my advisor is deductible (above the 2% AGI threshold). However, answers to other questions about investment expenses deduction suggest that the expense is NOT deductible if it is automatically withdrawn from my retirement account, rather than being billed and paid separately. So I am confused: Is it deductible or not?
