Ascensus homes in on indie 401(k) advisors with adds of Commonwealth, Morgan Stanley vets
Author RIABiz February 13, 2018 at 12:43 PM
![Elmer Rich III](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D1c4f778f478f5cb09e0bd73147a6f41d%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Elmer Rich III
July 26, 2011 — 4:23 PM
We work in the UNHW/family office markets and the data is sobering. Two challenges present themselves:
- Data suggest 70% of family offices fail so serving large wealth is very demanding
- The challenge in the business model is, as the article suggests, demand that continually expands and proliferate while charging for services is always playing “catch-up.”
Add in pressure on fees overall and the economics can become unsustainable.