Several studies (summarized here) found that, for the largest advisory firms, the most profitable ones focused the most on AUM fees. Clearly, this fee structure is good for these firms.
Dan’s November 10, 2016 Newsletter
Much of what you read in the financial media is errant nonsense, consisting of rank speculation about future events. Nowhere is this better illustrated than by the spate of silly articles “advising” investors what changes to make in their portfolio based on the results of the presidential election.
The advisory business is changing rapidly. Your fees will be a subject of continuing scrutiny. Here are five reasons why the asset-based fee model won’t survive.
Dan Solin’s November 10, 2016 Newsletter
The financial media continues to disseminate discredited advice because its advertisers — the securities industry — pay it to do so.