RIAs see big revenue windfall as planning fees soar 50% and separately billed plans jump 70%-plus, still only half of clients have a plan, survey says
The countertrend to fee compression in investment management takes hold as planning software proliferates; advisors find courage to charge for a freebie and investors learn to appreciate plans.
Author Oisin Breen January 16, 2021 at 1:02 AM
![Stephen Chen](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3Dbb30d7fc3ab37b1ff866fe8cdecbc0dd%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Stephen Chen
January 18, 2021 — 1:24 AM
It's good news that more financial advisors are embracing planning, but for this to scale to help main street investors - costs need to come down further and access needs to increase.
Discussed lifetime income and retirement planning with the Morningstar team recently:
https://www.morningstar.com/podcasts/the-long-view/92