As AUM Plummets, Should Advisors Rethink Fee Models?
Periodically the market crashes. I’ve never understood why advisors risk their business by charging assets under management. Our firm has charged fees based on complexity since 2007. In my article published at Financial Planning magazine I provide three reasons for you to consider making the change after this crisis passes in preparation for the next financial black swan.
Thanks for the note & THREE items to consider.
I agree & will be changing my Approach to a Flat FEE Model.