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Fidelity warns on the fees RIAs charge as growth of their practices falter yet lower prices aren't the answer

The Boston custodian calls attention to pedestrian 2015 organic net new growth of 6.7% as sign that clients are baffled about what exactly they are paying for

Author Janice Kirkel
December 20, 2016 at 7:13 PM
Admin:
no description available
David Canter: [Advisors] will be need to be very thoughtful with how they account for their fees, the services provided and value delivered

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Mentioned in this article:

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien




Stephen Winks

Stephen Winks

December 22, 2016 — 4:21 PM
It boils down to the client service model and whether the client perceives value being added. This argues for a clearly delineated "prudent process" (asset/liability study, investment policy, portfolio construction, performance monitor) which not only puts financial services back into the financial services business but specifically establishes the value added derived from those financial services. SCW

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