At a recent series of conferences at which I was speaking a number of questions were posed during the day, one of which sought to establish how advisers are typically charging for the work that they do. I think it’s fair to say that a percentage of assets under management was the most common approach. Interestingly, the results of the polling system suggested that a high number of firms were using a combination of different charging approaches so I thought that this synopsis of the pros and cons of the most common fee approaches might help anyone still wrestling with finding a solution that they feel will work for both their clients and the business.
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