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Jan 23, 2017
9:33
:25
pm
Rogue Gunner
All-American
Can someone in the financial advising industry share a reasonable justification
for the accounts under management fee model? Does investing $X versus $0.5X really require twice as much work? Seems analogous to realtor fees.
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Rogue Gunner
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pwg
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Rogue Gunner
Joined
Jul 15, 2010
Last login
Jan 8, 2022
Total posts
3,133 (88 FO)
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Topic:
Anyone use a fee-only financial advisor? I'm interested in what you pay
(SaturdaySpecialDay, Jan 23, 2017 at 7:04pm)
Messages
Author
Time
Can someone in the financial advising industry share a reasonable justification
Rogue Gunner
1/23/17 9:33pm
Don't want to deal with managing money & takes emotion out of it
Gcouga
1/23/17 9:43pm
Also do it yourself investors who basically set it and forget it see nearly identical returns to those who have accounts
SuperTank
1/23/17 9:47pm
Thats great for investors who can hack volatility, too many panic
Gcouga
1/23/17 9:48pm
But I am wondering why the AUM reimbursement model?
Rogue Gunner
1/23/17 9:50pm
It's better model than hourly or commissions
Gcouga
1/23/17 9:55pm
In that case, an annual or quarterly fee would make more sense, IMO
Rogue Gunner
1/23/17 10:00pm
It's about incentivizing them to perform. The better the performance the more
Ash
1/23/17 10:27pm
In my firm's case, much of the cost comes from middle and back office costs.
Homercles
1/23/17 10:27pm
Thx, that is at the very least a reasonable justification
Rogue Gunner
1/24/17 12:20pm
The company I used to work for tiered the AUM fees. Invest more money
Cougarclaw
1/23/17 10:42pm
Fee-based advisors typically charge the fee for more than just asset management.
wcj99
1/23/17 10:15pm
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