Some wealth managers restructure fees
| Dec 14th, 2006 | Filed under: Investment Management Fees | By: Alpha Male |
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By: Charles Paikert, Investment News
Published: October 16, 2006
Investment News has run a couple of stories recently suggesting a new fee-model is on the horizon for the retail advisory and wealth management industries. The first, described here, appeared about a month ago. The second (next post) ran a couple of weeks later.
Said Investment News:
“The wealth management industry’s traditional fee structure faces increased pressure and criticism both internally and from wealthy clients.
“The most pressing concerns in the rarified circles of firms catering to high- and ultrahigh-net-worth clients are fee transparency and the sustainability of percentage of assets under management as the industry’s pre-eminent pricing model.
“Nearly half of investors with a net worth of at least $10 million said they found it difficult to compare fees of wealth management firms, according to a survey released last month by the New York-based Institute for Private Investors.”
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